The Bailout Is For Banks, Not Citizens

A banker basically said the following:
In point of fact, the dirty little secret of the banking industry is that it has no intention of using the money to make new loans. But this executive was the first insider who’s been indiscreet enough to say it within earshot of a journalist.
Banks are apparently oging to use the money to make investments and get even richer. Go read the New York Times article.

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