[DOWNLOAD] "Dissatisfaction Guaranteed: The Federal Government should Stop Guaranteeing Loans (Column)" by Reason * eBook PDF Kindle ePub Free

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eBook details

• Title: Dissatisfaction Guaranteed: The Federal Government should Stop Guaranteeing Loans (Column)
• Author : Reason
• Release Date : January 01, 2009
• Genre: Reference,Books,Religion & Spirituality,
• Pages : * pages
• Size : 54 KB

Description

EACH TIME an auto company, small business, or homeowner receives a politically motivated loan guarantee, the giveaway creates yet another unfunded liability for future taxpayers. Now, in response to the economic crisis, the feds have provided more than $8 trillion in new guarantees. Aside from attempting to halt an alarming decline in lending, the loans' supporters give four justifications for the programs. First, they claim certain entities are being denied access to credit through no fault of their own. Supposedly, even in boom times, lenders pass over many opportunities to issue loans to borrowers who, despite appearances to the contrary, are creditworthy. This argument sounds especially persuasive at a time like now, when interbank lending is frozen and subprime lending has disappeared.

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