Reply #70: Here's what I don't get about the "credit crunch"... [View All]

[ContinentalOp]

So, there are some good loans and some bad loans. The good loans will always be profitable right? Why not provide liquidity (i.e. a "bailout") to any bank who will provide loans to qualified borrowers? Why not let the predatory lenders twist in the wind? Why do we have to let the whole corrupt system get off scott free?

Hell, if the government wants to give me 700 billion dollars I'll gladly start a company tomorrow that can lend money to borrowers with good credit. I don't have a clue about banking but don't you think if I had $700 billion and did some basic credit checks that I could provide some credit to give the economy some "liquidity" and still make a profit?

Why reward the fuckups? Why not set some preconditions and let new players into the market?