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Posts Tagged ‘TARP’

An economist is saying that we need more compassion. When those who individually need aid, they ought not be vilified when they seek help, nor should they fear retribution. It isn’t fair to the 7 million people who have lost their jobs.

Refreshing sentiments! How true! But you won’t believe who John Connaughton of UNC Charlotte is referring to. He’s not talking about you or me. He’s talking about the banks! While Connaughton offers the “olive leaf” of not justifying the bad things lenders have done, he says that if a lender, individually, finds itself in a tight spot, it ought not fear retribution should it need to go to the Fed to borrow more.

Continued

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