Wednesday, January 14, 2009

Bailout Who??

http://www.nytimes.com/2009/01/14/business/economy/14bank.html?_r=1&

This says the US bank loans could be doing more harm than good! They are just using the money we gave them to pay off loans to the US Fed (where it came from) thus wiping out their loans to the US Government! This is insane, they are supposed to be lending this money to businesses to improve the economy. We seem to be very fucking doomed.

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