Wednesday, February 25, 2009

The Financial Beanpole

ALTOONA, WI -- Ya know, if the banks won't start lending to the businesses who are pleading for capital, and even though we've given those banks an obscene amount of money to do just that, maybe the Federal Government should start doing the lending that the banks should be doing. They're going to buy toxic assets, bad loans, and security instruments no one understands. Why not just start making some good loans, the kind that American businesses need right now.

With a basic understanding of human nature and a guess at the psychology of the business person, I bet that the banks will develop Lender's Envy, seeing the U.S. start making profitable lending transactions, and start doing what they're supposed to be doing.
Sure, all that high finance is far more complex than a schmo like me could fathom. But is human nature any different on Wall Street? Actually, It's probably even more so.

All In all, I think we could recoup our $787 Billion, and then some. Who's in favor of some health care and elementary school funding?!!!