White House tells banks to stop hoarding moneyNow, my understanding is that when British Government recently gave money to British banks, there was a clause in the agreement obligating the banks to use the money for loans.
WASHINGTON – An impatient White House is serving notice on banks receiving billions of dollars in federal help to quit hoarding the money and start making more loans.
As I've noted previously, W doesn't believe in contracts that actually work - you know, with clearly articulated 'deliverables' and enforcement clauses.
I'm curious: just exactly how is W "serving notice"???
Again: our MBA President at work!
Stop the madness!!!