Re:This terrifying moment is our one chance for a new world
by mynameishere on Sunday October 05, 2008 @07:46PM
(#324451)
I just love his proposal:
It can require the banks to behave differently – to move from financing casino capitalism to productive enterprise. There can be a new emphasis on relationship building and offering cheap long-term loans to business
The banks were not financing "casino capitalism". They were providing artificially cheap, long-term loans to unqualified homebuyers. Swap out "unqualified homebuyers" with "unqualified businessowners", and you can see the full extent of this guy's idiocy.
It can require the banks to behave differently – to move from financing casino capitalism to productive enterprise. There can be a new emphasis on relationship building and offering cheap long-term loans to business
The banks were not financing "casino capitalism". They were providing artificially cheap, long-term loans to unqualified homebuyers. Swap out "unqualified homebuyers" with "unqualified businessowners", and you can see the full extent of this guy's idiocy.