Go Back   Club Conspiracy Forums > General Conspiracy Discussion > General Conspiracy Discussion
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Thread Tools Display Modes
Old 01-22-2009, 03:20 AM
SeC SeC is offline
Senior Member
Join Date: Nov 2005
Posts: 2,251
Wink Why Bailing Out Banks Doesn't Work

Why Bailing Out Banks Doesn't Work

by Shamus Cooke

Global Research, January 21, 2009

The New York Times recently posed an excellent question: “Why save banks if they won’t lend?” (January 19, 2009)

Before the first $350 billion “installment” of the bailout, we were told that the money was needed to “unfreeze” the credit markets, meaning that banks would again be willing to lend businesses the money they needed to continue doing business.

Despite hugely popular opposition, the bailout proceeded, and absolutely nothing changed.

The congressional “representatives” who passed the bailout bill acted shocked: instead of giving loans, the banks hoarded the money, bought other banks, and continued to pay the lavish salaries and bonuses to CEOs. Meanwhile, the economy continued to crumble.

Continue to read:
Why Bailing Out Banks Doesn't Work

Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -6. The time now is 10:25 AM.

Powered by vBulletin® Version 3.6.12
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.