He who places his hope on thee, O Virgin all-glorious, will prosper in all he does.

Inscription on Byzantine coin during reign of Romanus III

Tuesday, September 30, 2008

"Expanding Lending Capacity"

This is Rep. Bobby Scott's phrase to describe the fix for what's acutely ailing the economy. Short-term business credit must be unfrozen to finance things like payroll and inventory. Otherwise, the problems that have been limited mostly to the banking sector will expand into the larger economy.

I like Ad Orientem's insight here.

No comments: