Rescue plan - A Disaster

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Elphaba

Guest
I have come to the conclusion that our leaders in government are all mentally impaired, creating a company (Nama) to buy bad loans from the banks, amounting to 80-90 billion, possibly more, so that it will free up the banks so they can lend more???? Great, I cant wait to rush down to the bank when this is all over and borrow some more money. Isn't excessive borrowing which got us in to this mess in the first place?
 
Elphaba said:
, so that it will free up the banks so they can lend more???? Great, I cant wait to rush down to the bank when this is all over and borrow some more money. Isn't excessive borrowing which got us in to this mess in the first place?
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Like it or not banks lending money is a neccesity for business. Nothing happens without it. What would you have them do shut up shop and let the small to medium business' quickly fold an cost more jobs?
Controlled lending is what is required not a closed door banking system.
 
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