The bank are loaning because they’ve learned that the Fed will bail them no matter how criminally irresponsible they are.
CORRECT! While that’s yet another problem, if anyone thinks the banks would survive the costs involved in the loss of all the property along EVERY COASTLINE IN THE WORLD, we have a new definition of “MENTAL MASTURBATION”.
CORRECT! While that’s yet another problem, if anyone thinks the banks would survive the costs involved in the loss of all the property along EVERY COASTLINE IN THE WORLD, we have a new definition of “MENTAL MASTURBATION”.