Let’s Not Be Prudent Now

Posted: March 16, 2009 in Uncategorized

dollar_crashTimothy Geithner’s thoughts on the need for banks to begin lending more money to small businesses, “When banks individually pull back out of a sense of prudence and caution, the collective impact of those actions will make the economy weaker and make each individual bank worse off,” Geithner said.

I get it.  I mean it just makes sense to lack caution and be imprudent when making decisions about lending money.  This is America right?

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