Banks remain stingy

The problem with the bank bailout can be summed up by this article: The banks got help, then kept the cash. They continue to get help, in the form of low interest rates, and they continue to hold on to the money rather than lend it out. No wonder the banks are high on everyone’s s-list.

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Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie.

One thought on “Banks remain stingy”

  1. Could it be that the Gooferment shouldn't be bailing out business that SHOULD fail? And, after the first \”object lesson\” all the fat cats on Wall Street would have been falling over themselves to fix the problem.Finally, since corporation are a creation of the Gooferment, the great geniuses in washington dc could immediately put a size limit on the size of a corporation. Say a 100 million dollars! And, for good measure, all salaries could be capped at what the President makes, with \”performance bonuses\” that pay out evenly over say 20 years. If the corporation doesn't survive, neither does your bonus. Guess we won't worry about quarter over quarter performance. Doesn't take much to \”fix\” these problems!

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