The True Nature of Banking Is NOT Lending

White House press airhead, Perrino, tells reporters that banks exist ONLY to lend. This sets me off on my usual screaming fits since understanding the history of banking and the true mission of banking is at the very heart of the collapse of nearly all banks on this planet. Also, the gnomes are using the rescue funds to line their own wallets. Somehow, this doesn't surprise me at all, nor any readers here. Heh. And time to talk yet again about a very verboten topic: the flood of illegal alien home buyers who bid up housing to outrageous levels and who are ditching their purchases that are mostly only a year or two old, as they flee again.

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October 30, 2008 | Permalink