Sounds right to me. Amazing that after T.A.R.P. etc. there is still this quasi-tax on the economy
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Posted by Max on 2012-06-27 19:29:29
In Reply to: Artificially low interest rates serve as an fundamental impediment to lending. posted by Dick Nikon on 2012-06-27 16:29:35
to allow the banks to recapitalize. Tells you about the depth of the calamity.
How to best manage the situation from here on out? We do need banks.********************
justitia omnibus
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"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
---Mark Twain