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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Jimh068 who wrote (51242)6/13/2009 2:34:34 AM
From: elmatador  Respond to of 217570
 
when the Fed stepped in to fill the lending vacuum left by banks and Wall Street firms, officials have been dragged into murky battles over the creditworthiness of narrow-bore industries like motor homes, rental cars, snowmobiles, recreational boats and farm equipment — far removed from the central bank’s expertise.
nytimes.com

This is a hair raiser!

When government steps in they start picking winners. You know the friends...

This will lead to crony capitalism where only the 'friends of the king' have capital. And they pay back with political favors...