All Commentary
Tuesday, December 15, 2009

President Obama Urges Banks to Lend

“President Obama exhorted the nation’s biggest banks on Monday to make ‘extraordinary’ efforts to increase lending, even as some of those firms are racing to distance themselves from government control.” (Washington Post, Tuesday)

This makes perfect sense. If banks don’t engage in risky lending again, how ever will the government be able continue “rescuing” them.

FEE Timely Classic:
Economic Fascism” by Thomas DiLorenzo