Additional Economic Stimulus – Another Thought

Guest Contributor Wayne Nelson

Much is being made of the unwillingness of the financial industry to lend money in this current environment of uncertainty. For those of us who were around during the S&L debacle of the late ‘80’s and early ‘90’s, this comes as no surprise. It became very clear that lessons not learned were destined to be repeated. The major distinctions between then and now were (1) financial institutions were not too big to fail back then, and many did; and (2) there are more financial products that nobody understands out there now than there were back then.

It is clear that lending is still being ...