picomanning

Why Are Banks Paying Back Loans They Can't Afford?

It's difficult enough to run any business. I would hate for the government to be looking over my business shoulder, particularly if I was working with their money. Americans really have to remember that it was our governement regulators who tempted banks to make those stupid loans in the first place. Frank & Dodd opened the door to subprime lending. Conservative banks who hated these reduced standards would suffer as customers simply went down the street to a less critical lender. Good banks wre losing business. This is what happens when government manipulates the market placve. What a set up! Meanwhile our government has not helped stabilize asset values. Banks are now being asked to make loans against weakening assets! Here we go again. Is this insanity? What sane bank would not want to get as far from government controls as possible in as short a period of time possible? Free markets are mentally healthy. Government involvement can only damage a laissez faire economy.