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"Most banks cited reduced risk tolerance and 'a more uncertain economic outlook' as the main reasons for restricting credit to businesses, with 35.2 percent saying they 'tightened somewhat,' the Fed said in its quarterly Senior Loan Officer survey.

I read remarks like Geithner's and I pinch myself. Did that grumpy old gray-haired gentleman win the election? That was his plan for recovery, tax cuts and savings and allowing Wall Street and the free market to make us all rich again.

I shake my head in wonder. Has "Change we can believe in become "No change, can you believe it?

Geithner has been called a genius in the field of economics, but I think what is needed is a genius in the field of people. Someone with less panache with numbers and a greater understanding of humanity. Our goal should be to save the maximum number of people, not dollars.

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I who am I? Born at the pinnacle of American prosperity to parents raised during the last great depression. I was the youngest child of the youngest children born almost between the generations and that in fact clouds and obscures who it is that (more...)
 

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