2.03.2009

If cash doesn't work, what about tar and feathers?


The federal government has invested almost $200 billion in U.S. banks over the last three months to spark new lending to consumers and businesses.



So far, it hasn't worked. Lending has declined, and banks that got government money on average have reduced lending more sharply than banks that didn't.

[From Despite Federal Aid, Many Banks Fail to Revive Lending - washingtonpost.com]

$200 billion and it hasn't freaking worked? That's it? Hasn't worked?



No comments: