[lbo-talk] WSJ assumes "capital strike"

Doug Henwood dhenwood at panix.com
Thu Nov 13 07:47:32 PST 2008


On Nov 12, 2008, at 10:08 PM, C. G. Estabrook wrote:


> Uh, why is it hard to get a loan? Perhaps because those who own or
> control money to lend aren't in a mood to lend it? And why would
> that be? "You can't use my money until you make it more worth my
> while (which my friends in this administration or the next are about
> to do ... one way or another...)"?
>
> "There's no political content to it at all." Nothing happening here,
> folks. Move along

Lenders aren't lending because they're afraid they're not going to get their money back. It's not very complicated.

Doug



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