Comments on: Low rates, silly banks and the next bubble http://blogs.reuters.com/great-debate/2009/12/09/low-rates-silly-banks-and-the-next-bubble/ Thu, 20 Jun 2013 02:14:43 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Iconoclast http://blogs.reuters.com/great-debate/2009/12/09/low-rates-silly-banks-and-the-next-bubble/comment-page-1/#comment-27993 Iconoclast Thu, 10 Dec 2009 04:09:10 +0000 http://blogs.reuters.com/great-debate/?p=5920#comment-27993 Banks were provided government funds at low or zero interest, in part, to provide credit to business so businesses can buy stock and pay their employees. BANKS ARE NOT LENDING. This plus Republicans cutting the stimulus in half and scaring everyone about what to expect with health care reform has been a big drag on job creation. What is the answer? A PUBLIC OPTION IN BANKING. What we need is a government run bank or nationalization of our banking system. All this talk about inefficient government is BOGUS. Don't buy it America!!! Lets have a publicly owned banking system! Banks were provided government funds at low or zero interest, in part, to provide credit to business so businesses can buy stock and pay their employees. BANKS ARE NOT LENDING.

This plus Republicans cutting the stimulus in half and scaring everyone about what to expect with health care reform has been a big drag on job creation. What is the answer? A PUBLIC OPTION IN BANKING. What we need is a government run bank or nationalization of our banking system.

All this talk about inefficient government is BOGUS. Don’t buy it America!!! Lets have a publicly owned banking system!

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