ST Alpha - "Obama set to use strong arm tactics to force the banks resume lending by giving them $2 trillion -- (link)" (Reading a Post)

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Obama set to use strong arm tactics to force the banks resume lending by giving them $2 trillion -- (link)

Posted by Loyola Jan 30 '09, 08:33

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http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5618456.ece (business.timesonline.co.uk)

Responses:

Just for the record, we get all this money back... with interest. We - the tax payer - could come out winners in the long run. -- nm - Mop Jan 30, 08:37 7
- [deleted] 6
  - "What do *you* mean, 'you people'?" -- nm - Alpa Chino si Jan 30, 08:40
  - The Federal Gov't isn't "giving" money to anyone. They're loaning money to banks by buying preferred stock, if I understand this correctly. -- nm - Mop Jan 30, 08:39
  - [deleted] 3
    - Usually by having it paid back. You do understand the idea of a loan, right? It's not like "borrowing a nacho" from someone -- nm - oblique, eighth best slackertalker Jan 30, 08:39 2
      - no it's nothing like borrowing a nacho. Someone will not want a used nacho back. -- nm - Beryllium Jan 30, 08:40 1
        
        (... and I need some kind of caffeinated beverage, clearly) -- nm - Beryllium Jan 30, 08:40
I think I saw Ed Koch advocating something like "resume lending levels at the same levels prior to the crisis, or lose your bailout money" tactics. -- nm - Mop Jan 30, 08:36 1
- GOP Prez would do the same no doubt. You just have to laugh at the whole idea of "Good bank bad bank" - Loyola Jan 30, 08:40
I was really hoping that would an Onion link. -- nm - emoticripple Jan 30, 08:34

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