osewalrus (osewalrus) wrote,
osewalrus
osewalrus

Link Harvest: "Honestly Charlie Brown, This Time We Won't Lie To Congress . . . ."

So, according to this NYT piece, JP Morgan has no intention of using their injection of capital to make loans. Instead, the Federal money is being used to finance larger banks acquiring smaller banks.

Ya know, each time I think "man, this crisis is so bad, even these guys will need to rise above their usual croneyism, lies and Bananna Republic mentality and act in the national interest," I discover that I just have not dropped my expectations low enough.
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