Headline from the Wall Street Journal Online:
Bankers Tell Panel
They Are Lending
Bank executives including J.P. Morgan's Dimon, Bank of America's Lewis and Citigroup's Pandit told Congress they are lending despite economic headwinds.
Congress to Bankers: Don't worry that making bad loans when the world was awash in liquidity is the fire that so recently burned us. Just make some damned loans. If you screw up the taxpayers grandchildren will pay for it. Don't worry!
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