Now that we have a $250 billion infusion of cash into banks, there's just one big problem: the banks have to extend that credit to other banks.
The concensus is that a stimulus plan is needed. Unfortunately, the current administration doesn't see that.
It's a British saying that "when all other options are eliminated, rely on the Americans to do the right thing." Hopefully, we don't have to wait too long.
Wednesday, October 15, 2008
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