"Strong balance sheets breed confidence. It doesn't work the other way around."

"That is why the House's second-try approval of the bailout legislation isn't likely to get banks, and debt investors, lending freely again Monday morning."

Reilly, David. 2008. "Can Bailout Spur Lending?" Wall Street Journal (4 October).
http://online.wsj.com/article/SB122308115471104267.html?mg=com-wsj

--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com


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