|
In response to
"Ok, I have a dumb question about this whole deal. I'm trying to figure out how a $700 bil bailout of the banks who've proven"
by
Jim
|
Everyone needs banks - people that need financing for home and car loans, entrepreneurs who want to set up a business, existing businesses that want..
Posted by
Roger More (aka RogerMore)
Dec 12 '08, 07:17
|
to expand, students who need to borrow to pay for their education. All investment relies on savings (which, generally speaking Americans don't have a lot of) and credit. Without credit, investment falls.
Not everyone needs a new car. And people who do have other alternatives, like buying them cheaper and better from non-American companies
|