World Politics Central

Banks were sent billions of dollars from the Economic Stimulus bill that was supposed to fund their lending activities allowing commerce to progress at it’s normal pace. The problem is that of those banks that have managed to survive the initial onslaught of the recession and who received some funds from the government, they have seemingly been so traumatized they are very cautious with their lending activities even with initial promise that they wouldn’t do so. Well the government has had enough of this over-cautious nature for the funds these banks received were tax-payer dollars, the very people they are not lending to. Read the rest of this entry »