Quote of the Day
By Creature
"So the status quo remains: banks with bad assets, a Treasury program to fix it that isn't operational and isn't expected to yield much once it is, and an economy stuck in quicksand in part because of it." -- Kevin G. Hall of McClatchy Newspapers reporting on our zombie banks, their toxic assets and the failure of all parties to face up to or do anything concrete about it.
"So the status quo remains: banks with bad assets, a Treasury program to fix it that isn't operational and isn't expected to yield much once it is, and an economy stuck in quicksand in part because of it." -- Kevin G. Hall of McClatchy Newspapers reporting on our zombie banks, their toxic assets and the failure of all parties to face up to or do anything concrete about it.
Labels: banks, U.S. economy
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