On the fifth slide there was a quote stating, “There is a virtual certainty that there will be no recovery for anyone other than the banks.”
After reading all five slides you can see many workers have been losing their jobs due to banks not lending out money to the companies they work for. I find it amazing how the government can give so much money out to banks yet the banks continue to refuse to lend out to companies who need them to pay their worker’s wages. I am in the process of writing a paper for my macroeconomics class about this subject and I find it interesting that banks got us into this mess after they were completely deregulated in 1999 and then when the Government gives them massive amounts of money they don’t loan it out like the Government intended.
