The New York Times recently posed an excellent question: “Why save banks if they won’t lend?” (January 19, 2009)
Before the first $350 billion “installment” of the bailout, we were told that the money was needed to “unfreeze” the credit markets, meaning that banks would again be willing to lend businesses the money they needed to continue doing business.
Despite hugely popular opposition, the bailout proceeded, and absolutely nothing changed.
"The torch has been passed to a new generation, proud of our ancient heritage and unwilling to endure the undoing of human rights.. United there is little we cannot do in an array of cooperative efforts."
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