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GAFB
Join Date: Dec 1999
Location: Raleigh, NC, USA
Posts: 7,842
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Keith, I don't know how else to explain it. Blighting certain banks with the money isn't going to help anything, and is an even more surefire waste of taxpayer money than the existing plan.
PNC bank, for example, is using excess cash to go acquiring. This apparently has infuriated the Bush White House, as it sent a letter this week to banks, instructing them to start actually lending out this money.
CO, whatever your name is, I think the whole deal is a turd sandwich. As such, I don't find any aspect of it palatable.
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