The Money Code Blog
Kalinda Rose Stevenson, Ph.D.  

Archive for October 11th, 2008

When Banks Go Broke, Buy The Banks

Saturday, October 11th, 2008

Welcome back!The heart of the economic crisis right now is that the banks are unwilling to make loans. Even though governments are pouring money into the banking system, the banks are hanging onto the money.
The rescue program originally was sold to Congress and the public as a plan to buy mortgage-related loans from financial institutions. [...]

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