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In response to
"no, the whole TARP emergency was sold as "unfreeze the credit markets before this sucker goes down." they took the money but the credit markets still"
by
just dug
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It's all tied together. Part of the reason that the credit markets suck (really one of the biggest reasons) is that the economy sucks.
Posted by
pmb (aka pmb)
Jul 17 '09, 12:12
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The banks are actually being responsible and trying not to make stupid loans. When companies have free-falling earnings, what are the banks supposed to do. We don't want them to act irresponsibly again. As things are starting to level off they can begin to make rational valuation judgments and they'll get back in. Yes, there's a chicken an egg issue, but it is starting to sort itself out.
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