http://www.businesspundit.com/term-asset-backed-securities-loan-facility-ready-set-debt/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 http://www.businesspundit.com/term-asset-backed-securities-loan-facility-ready-set-debt/comment-page-1/#comment-12686 Christian Wed, 04 Mar 2009 01:43:19 +0000 http://www.businesspundit.com/?p=9390#comment-12686 Exactly. the banks aren't lending because they SHOULDN'T be lending right now. In most cases anyway. Yes, credit is inordinately tight right now, but US is acting like this is some kind of sin. We've just gone through years of excessively loose lending. Let's have some damn balance! But no, we have to fight this correction tooth and nail. And you're absolutely right about it being another step toward nationalization. I don't know how long it will stave off unrest though. Guns sales have already at least doubled in most areas. to me, that's pretty telling. People may be poor, but they're not stupid. Exactly. the banks aren’t lending because they SHOULDN’T be lending right now. In most cases anyway. Yes, credit is inordinately tight right now, but US is acting like this is some kind of sin. We’ve just gone through years of excessively loose lending. Let’s have some damn balance! But no, we have to fight this correction tooth and nail. And you’re absolutely right about it being another step toward nationalization. I don’t know how long it will stave off unrest though. Guns sales have already at least doubled in most areas. to me, that’s pretty telling. People may be poor, but they’re not stupid.

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