Congress is now hammering Ben Bernanke because some companies are having difficulty borrowing. The false premise here is that all borrowing is good and that loans that should be made are not getting made. Look how that logic worked out in the housing market and student loan market.
Banks love to make loans where they get repaid. But they have to make an awful lot of good loans to make up for one bad one.
We do not need congress as our lending committee; they are horrible at this job. Let the banks make loans to those companies where they expect to get paid back and have congress stop micro-managing the economy.
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