Reply #24: The banks already had the infrastructure in place.

[ieoeja]

Banks stopped loaning money because they ran out of cash. So the Feds loan to big banks. Big banks loan to smaller banks, businesses and individuals. Economy revs back up.

Direct loans by the government would have required establshing a huge organization from scratch. The above method made use of what was already in place.

Problem is, while everyone understood this is what was supposed to happen, they failed to understand just how much greed is a fabric of the modern banking world.


Did you know ... following the San Francisco earthquake/fire/military-massacre that the bankers debated taking a cautious wait-and-see approach to San Francisco recovering before deciding that San Francisco could *not* recover unless they took first action and started loaning everyone the money they needed to rebuild. The Bank of Italy, now known as Bank of America, was the first to make that suggestion. I think the people in Washington thought they were dealing with *that* Bank of America, not the cesspit it has become today.

Besides, these banks are run by the same Ivy League guys with whom they were friends in college. And, hey, they were great guys who were always ready to light up a bong back then. Surely they are the same great guys now! Right?



Spend some time socially with these guys and pay attention to how they judge people. "Oh, yeah, he's a really great guy. And he has a huge portfolio, runs a couple of businesses, etc. That other guy? He's a real asshole. And he's doesn't have a penny to his name."

You will learn (probably to your disgust) just how much they judge a person's character and intellect by their monetary worth.

Given: wealthier people are better people, and
Given: stealing re-directing other people's money into my pocket makes me wealthier,
Then: I will be a better human being.

I'm serious here. I have worked with and socialized with these people. They would never lay out like that, and would deny it, but it is an accurate description of their psyche.