President Obama, after blaming the banks for too much lending in the years prior to the financial breakdown, is asking for more bank loans to help get the economy moving again. In addition to the demand for more loans, President Obama is planning to apply more heavy-handed regulation on the industry.
Banks and lending institutions are holding back their lending due to uncertainty, both about the economy, and about what Washington is going to do.
John Berlau, financial policy expert of the Competitive Enterprise Institute, says the President's approach is contradictory, as banks and credit unions sit out uncertain times.
Join us tonight on the Political Pistachio Radio Revolution as we welcome John Berlau to the program to discuss TARP, future stimulus plans planned by the White House, and the President's goals of more loans and heavy-handed regulation - and how they are in conflict with each other.
The program begins live at 7pm Pacific, or you can listen to the archive later, at BlogTalkRadio.com/PoliticalPistachio.
No comments:
Post a Comment