bonifiedhustler

Defensive Positioning in the Bailout's Absence

bobomite -- Debt creates money. Thats why banks like it. They want to keep that up, which is what freeing access to credit will to. The problem is, to fuel the debt, you need to expand debt, and it can't go to infinity.

Obviously, hindsight is 20/20. But lets reduce debt. Bankers wouldn't be as rich, but society as a whole would be better off.