I only post because I'm so sick of the rote "get credit markets unclogged" b.s.!!!!
Related: Banks Cut Off Credit
"20 biggest banks that got US aid cut lending in last months of '08" by Associated Press | February 18, 2009
WASHINGTON - The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said yesterday....
It's the latest sign the bailout has done little to increase lending....
Yeah, because it WAS NOT DESIGNED FOR THAT! It was designed to COVER BANK LOSSES and PAY OUT BONUSES!!!!
In December, the Associated Press asked 21 banks that received more than $1 billion to describe what has been done with the money. None would provide any specifics....
Yeah, BANKS don't have to answer for SHIT in this country!!
Tells you WHO is in CONTROL, doesn't it?
So, WHERE did ALL THOSE TRILLIONS go?
You know, the TAXPAYER MONEY you were supposed to LOAN to YOURSELF, America?
