The credit crunch is the reluctance of banks to lend to each other. Lend money that they already have. They just want to charge more for it because they made a lot of bad loans.
Surely they made the loans, they were going to profit from them, and now that they've gone bad, they should shoulder the losses. They're all still making massive profits.
Now, the banks, allied to the press, are generating such horror stories that the government, (fearing election losses) are about to bail out the, (globally based) banks using our money.
Should the government of the people resist the strongarm tactics of these financial pirates and let them ride out the storm ?
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