Re:$700bn Bailout is shot down by House of Rep Vote (205-228...
by davidw on Tuesday September 30, 2008 @02:00AM
(#319338)
> You can get a loan at very reasonable rates right now if you meet the criteria.
This is a good point, and one I've read elsewhere. However, I've also read this, which seems to add some nuance, if not quite contradict the above quote:
"The interbank-funds market has seized up and even the most creditworthy corporate and financial firms are paying punitive rates."
It's possible those firms aren't really creditworthy, but giving the 'newspaper' the benefit of the doubt, this would make the situation a bit more complex than you paint it.
This is a good point, and one I've read elsewhere. However, I've also read this, which seems to add some nuance, if not quite contradict the above quote:
"The interbank-funds market has seized up and even the most creditworthy corporate and financial firms are paying punitive rates."
http://www.economist.com/world/unitedstates/displayStory.cfm...
It's possible those firms aren't really creditworthy, but giving the 'newspaper' the benefit of the doubt, this would make the situation a bit more complex than you paint it.