Home > Mainstream failure > The idiot speaks

The idiot speaks

Geithner urges banks to lend, whilst supporting the Fed’s decision to prop up asset prices by buying toxic trash, bailing out the big banks and keeping interest rates insanely low.

As I’ve said again and again and again and again, you can’t prop up asset prices AND stimulate lending activity.

Geithner needs his mommy.  Again.

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Categories: Mainstream failure
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