The Wall Street Journal Says It So I Don't Have To

[rowyn]

Banks Told: Lend More, Save MoreThe link above is to an article, not an opinion piece, which is right because this is simply a fact. The message to banks has been "you need to lend more so we can get out of the recession, and oh also you need to save more so that you'll survive the recession." This message, of course, comes at a time when banks

Comments

[level_head]

One disappointing aspect of all of this the juxtaposition of two things:

-- how obvious it has become that too-easy subprime mortgage lending is the root cause of the current problem

-- how much pressure is being put on banks to reinstate the requirement for too-easy subprime mortgage lending.

That pressure is expected to increase in January.

===|==============/ Level Head

[terrycloth]

It sounds like things are pretty much guaranteed to suck no matter what we do, so every option sounds bad. Since people are used to arguing based on negativity and attacking the other position(s), and refusing to admit any possible flaw in their own preference, it's hard to have a real dialog.