[lbo-talk] WSJ diagnosis

C. G. Estabrook galliher at illinois.edu
Tue Mar 3 17:52:02 PST 2009


"...Congress demands more bank lending even as it assails lenders and threatens to let judges rewrite mortgage contracts. The powers in Congress -- unrebuked by Mr. Obama -- are ridiculing and punishing the very capitalists who are essential to a sustainable recovery. *The result has been a capital strike*, and the return of the fear from last year that we could face a far deeper downturn. This is no way to nurture a wounded economy back to health."

http://online.wsj.com/article/SB123604419092515347.html



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