Sunday, December 13, 2009

Stop changing the rules


As Summers put it, bankers need to recognize that "they've got obligations to the country after all that's been done for them."

He says no major bank would be intact without the government's bailout of the financial sector, and now they need to do all they can to get credit flowing again.
 
Only politicians and bureaucrats have the audacity to demand that you do your duty for the country in order to solve problems they themselves helped cause in the first place. True, the bailout saved many financial institutions - but how many were driven to the point of needing to be saved by federal pressure to promote fast and loose credit policies under the guise of "affordable housing" needs?

Next they'll be telling us that more "Land Use" restrictions are part of the so-called "green" stimulus.

No comments:

Post a Comment