Re: Aggregate debt

From: smithaa02 (asdf_at_asdf.net)
Date: 06/16/04 

Date: Wed, 16 Jun 2004 18:22:07 -0500

William F Hummel <wfhummel@comcast.net> wrote in message
news:eccvc09a1rttlppuubpph3v24q4cvjv2ic@4ax.com...
> On Tue, 15 Jun 2004 20:01:08 -0500, "smithaa02" <asdf@asdf.net> wrote:
>
> >William F Hummel <wfhummel@comcast.net> wrote in message
> >news:98usc09frpi6fg2b6um9606kl1s0lhnh2f@4ax.com...
> >> Borrowers defaulted, and collateral failed as a result of the stock
> >> market crash. The Fed did not understand its role as lender of last
> >> resort then as it does now. It's not surprising that banks would fail
> >> in great numbers as a result.
> >
> >Why should banks get this line of credit, but not other businesses?
What's
> >wrong with a failing banks?
> >
> How many guess do I get?

You're the one defending corporate welfare. You decide!

Quantcast