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Comment: I don't really understand

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I don't really understand

Submitted by jcmiles on Tue, 03/27/2012 - 21:45.

I don't really understand their reasons for bailing out European banks. Are they really saying they had to give the European banks billions of dollars in loans so the banks would feel "comfortable" loaning money to American businesses?? Why can't the American businesses go to the American banks for loans instead since the Fed just loaned them gobs of money for the exact same reason?

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Every time I see an adult on a bicycle, I no longer despair for the future of the human race. -H. G. Wells


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