The Banks Are Not Lending, Oh My!

While one wishes the banks would be more motivated to ease credit (and they aren't), what does one expect? Hungry lions dont choose salad and brie on crackers from the menu. Banks who have been near to failure plus been reamed pretty good by the Feds and media should be expected to return to what we expected of them all along - rigorous, by-the-book lending. Lamentable, but what else could happen from the banks? As usual, there are larger questions such as the nature of business institutions and national loyalty, the cooperation of business institutions with national interests (let's say, national survival), the boundaries between a democracy and facism, and the old bugaboo, the role and powers of transnational corporations.

Not the least in this list of questions one is compelled to look at the definition of business ethics relative to the behavior expected from a real person: imho, they are not the same. Business ethics and cooperation-with-government is a subject that bears thinking about and this blogger will do so and blog about his "discoveries".