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NEWS: 5/11/09

5/11/09 – The Government’s Hold on the Market

Last fall, banks reduced lending to their customers and other banks, markets froze, interest rates skyrocketed, and investors rapidly disposed of their stocks and corporate bonds. In an effort to regain stability and return the markets to normal, the Federal Reserve cut interest rates and created multiple lending and insurance programs. Though some lending has recommenced, most financial institutions are “on some form of government life support” – proving that they cannot yet function suitably on their own.


-Wall Street Journal: Government Holds Strings to Markets

"If I accept you as you are, I will make you worse; however if I treat you as though you are what you are capable of becoming, I help you become that"

- Johann Wolfgang von Goethe