Are the Bank hording the $$$$$

The latest bad news – the government approves 700 Billion for the banks – and the banks take the money and stash it – rather than lending it. Rather than gripe about it – there is a simple solution. Most of the money has not been given out as yet – so STOP IT – pass a new bill and change the deal. Here’s how it should change – any Bank that wants the bailout money – must accept it as a “demand” loan – which means the Fed can call the loan at any time and demand repayment. This is precisely how these same banks lend money to businesses. If its good for the goose – its good for the gander! If the Banks don’t start lending money and doing as the Fed sees is in the public interest – then the Fed calls the loan. Thus – either the bank plays ball – or they are out of the game. Congress — it is not that complicated if you’d stop and think for a second.

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