Comments on: From Bailout to Bust http://joekraynak.com/uncategorized/from-bailout-to-bust.html Freelance Writer Mon, 21 May 2012 18:12:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Stu the Non-Econ http://joekraynak.com/uncategorized/from-bailout-to-bust.html/comment-page-1#comment-2165 Stu the Non-Econ Wed, 26 Nov 2008 16:03:35 +0000 http://joekraynak.com/blog/?p=93#comment-2165 Uh... as I've said before, I'm no economist. But isn't the forcing of banks to meet quotas for giving out sub-prime loans partially responsible for this mess? I could be off, but if I'm not, then making credit more accessible to fix the economy is the very definition of insanity (doing the same thing and expecting... well, you know). The economy is dying, and as it takes its last few gasping breaths while trying to swim to shore, those in power are throwing rocks at it saying, "Grab onto the rocks and we'll pull you in!" Uh… as I’ve said before, I’m no economist. But isn’t the forcing of banks to meet quotas for giving out sub-prime loans partially responsible for this mess? I could be off, but if I’m not, then making credit more accessible to fix the economy is the very definition of insanity (doing the same thing and expecting… well, you know).

The economy is dying, and as it takes its last few gasping breaths while trying to swim to shore, those in power are throwing rocks at it saying, “Grab onto the rocks and we’ll pull you in!”

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