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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (536402)	12/14/2009 1:51:31 PM
From: Jim McMannis	Read Replies (4) \| Respond to of 1577835

The Bankers have him convinced. They have a ring in his nose. He has no personal knowlege or education in Economics. On the other end the White House must be barraged with angry voters. Seems like a nice guy though. I'm all for saving the economy but the Bankers need to go to jail.

To: Tenchusatsu who wrote (536402)	12/14/2009 3:25:53 PM
From: i-node	Read Replies (3) \| Respond to of 1577835

saying they were obliged to help repair the American economy after being saved by the taxpayer-funded bailout. This is a totally child-like statement. It is like striking the deal with the car dealer only to find the floor mats weren't included in the price. You have to nail that shit down BEFORE you sign the papers. Most adults know that. Of course, that isn't the answer here. The current arrangement makes it financially advantageous for banks not to lend money and take risks. So, why in hell would they do it? They can borrow money, essentially at no cost, and invest that money for a risk-free return. Why would they lend to risky small business owners? Secondly, small business owners DON'T WANT TO BORROW. Times are so uncertain they're not interested in borrowing, AT ANY PRICE. Because it has to be repaid and there is so much government-induced uncertainty in the economy it just doesn't make sense.