Nice. Remind me again why easy money was such a good thing? Banks became greedy and stupid and they threw money around like it was free. (Considering the way the Federal Reserve handed out money, it was cheap and now it’s cheaper than the rate of inflation.) This brought down the whole economy and now they’re telling us it will somehow be different this time. Uh huh, right. There’s no need to drag out this misery and hiding it behind more funny money, creating the problems of tomorrow.

Banks have plenty of clever people and they will no doubt find a way out eventually. I suspect things will get worse for banks and the economy in general. Giving away more now is not the solution for the problems. Let the banks live with the problems they created and let consumers come back to planet earth with spending instead of spending more than they earn.