‘Bailout Is a No-Strings Windfall to Bankers, If Not to Borrowers’—New York Times

‘Bailout Is a No-Strings Windfall to Bankers, If Not to Borrowers’—New York Times

‘Bailout Is a No-Strings Windfall to Bankers, If Not to Borrowers’—New York Times

Got money?

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The credit crunch was causing such great woe
The feds agreed to hand some banks some dough.
We all assumed that they were going to lend it.
It turns out, though, that they prefer to spend it
On buying smaller banks and other things.
(The money they were given had no strings.)
And yes, of course, the credit crunch endures,
So don’t ask banks for dough, although it’s yours.

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