Archive for February 4th, 2010
New Bank Prop-Up to Cause New Blow-Up?
February 4th, 2010 | 
Author: 
While many you have not even gotten to the ‘aftermath’ portion of the credit crisis, the federal government is busy not learning lessons with the benefit of hindsight. Obama’s plan to funnel $30 billion to “small banks” is exactly the sort of central economic planning that effectively caused the crisis. Read the rest of this entry »
Posted in Economy, Politics/Government Programs | 
Tags: bank failure, bank failures, credit crisis, FDIC, financial system, Hank Paulson, job creation, Lehman, lending, mortgages, Obama, small banks, Tim Geithner, unemployment | 
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