The banks don't want to lend to people who have bad credit because that's what got us into this mess. Also trust by investors has collapsed due to lack of transparency on company balance sheets after last March's accounting rules were loosened to hide the losses.
The banks don’t want to lend to people who have bad credit because that’s what got us into this mess. Also trust by investors has collapsed due to lack of transparency on company balance sheets after last March’s accounting rules were loosened to hide the losses.
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Thats true. So take the money back. Have the Government make direct loans to the people. That way the blame falls straight and true.