[lbo-talk] AP: White House tells banks to stop hoarding money

[Joseph Catron]

On Tue, Oct 28, 2008 at 8:10 PM, martin <mschiller at pobox.com> wrote:

Maybe there are no qualified applicants ? Perhaps everyone already has too
> much debt ?

Sure, but they could have continued to hoard their own money, the stuff they
had BEFORE the bailout.

I think accepting $700 billion of publicly largess implied a certain obvious
quid pro quo.

-- 
"Hige sceal þe heardra, heorte þe cenre, mod sceal þe mare, þe ure mægen
lytlað."