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I don't really care if you agree or not. Just saying what I think.

Wednesday, March 4, 2009

I just want to be clear...

Posted by L S. "Spencer" Olsen at 11:34 AM

A big part of the stimulus deals with creating incentive for lenders to lend money. But... They must lend knowing that the principle of the loan can be adjusted by the Government if it is deemed too hight for the borrower.

Not sure I get it. Cause if I lend you $20 and the Government says you only have to pay back $15, what is my motivation to lend anyone any more of my money?




 

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