“Bad Bank”
A lot of money to rescue the banks and a free bonus lesson on the craziness of capitalism
One is supposed to imagine it roughly the following way: the crisis drags on because business simply hasn’t got going again. That’s because the banks, “lifeline of our economy,” aren’t supplying business people with the loans they need. They don’t do this because they are sitting on “lots of toxic assets,” which is why there is simply ”no more trust” between them nor in their dealings with the rest of the business world. So it’s clear that the state absolutely has to help them trust again, thereby helping all of us out of the crisis.