"The quest for cash; The US pumped billions into banks, but big projects in Boston lack financing" by Casey Ross, Globe Staff | March 5, 2009
.... As economic conditions worsen, the Obama administration is preparing additional measures to get banks to resume lending. One initiative calls for the government and private investors to spend up to $1 trillion to buy so-called toxic assets from banks to improve their balance sheets. A separate program would spend another $1 trillion of government money to provide funds for investors to buy loans and related securities, thus providing new capital for additional lending.... --more--"
Yup, gonna LOAN YOU BACK YOUR OWN MONEY after borrowing it -- so you GET to PAY INTEREST to BANKS TWICE, America!
And not only that, YOU WILL BE TAKING the LOSSES and FOOTING the BILL!!
How's that grab ya?
Also see: Obama Budgets ANOTHER $750 BILLION for Bank Giveaways
