« Blame The Chinese? |
Main
| Von Hoffmann Award Nominee V »
26 Nov 2008 05:52 pm
The Catch
Not terribly encouraging:
One big worry stifling activity in the markets is that if the government is doing so much lending and backstopping now, it's going
to need to do a lot of borrowing, too, to finance those efforts. And if
the government is seeking lenders to buy its debt, what is going to
happen to other borrowers looking for lenders?
As the Federal Reserve and Treasury act to rescue borrowers, Simons said, ''they're starving other private sector borrowers.''
And so the attempt to resolve the credit crunch also crunches credit.
Share This
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c45669e201053625e928970c
Listed below are links to weblogs that reference 'The Catch'
