Thursday, February 16, 2012

Demagoguery: Politicians' Relations to Banks

Blame banks for everything. Making loans too easy to get when political policy is to make mortgages available for all. With little chance of repayment.

Then penalizing the banks for facilitating the processing of such loans.

Then suing the banks at state levels when federal suits are exhausted.

Thereby taking needed capital while blaming banks for not having enough capital for safety. (See the Earl J Weinreb NewsHole® comments.)

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