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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (76365)12/15/2009 10:33:12 AM
From: JakeStraw3 Recommendations  Read Replies (1) of 224729
 
The White House thinks it can jawbone banks into lending to people they don't want to lend to. We've been down this road before, and it led all the way to the 2007 financial meltdown.

But should banks be lending just because a politician tells them to? We tried this before. Indeed, it's the very source of the financial and economic calamity of the past two years.
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