I ask this because the government keeps making it harder for the banks to recover.

First, the government provided the bail out money from TARP.  But then they said that the banks need to keep certain capital levels in reserve.  Then, they complain that banks aren’t lending out money…?

Now, I read today that Barney Frank has introduced a bill to give the government the power to take over the banks whenever an emergency or whatever arises.  Now that is crazy!  I don’t have much respect for the politicians anymore when they start thinking they can run businesses better than the experts in the field.

I found a great article that really presents out how illogical the government is handling the entire banking mess Here at SmartMoney.com

I wish the government would stop focusing on the short term problem, and focus their attention on the real issues of job loss in the United States, instead of punishing the stockholders of the financial systems (some of many real victims in this mess).

Now, I don’t like some of the credit card practices that banks are pulling, but let’s let the bank get off of the ice before we pull the rug out from under their feet.

-D

Related posts:

1. Walking Away From Debt

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