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Green Bay Packers Fan Forum
Keep the rest of our powder dry?
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<blockquote data-quote="HardRightEdge" data-source="post: 868817"><p>That's because it is easier to administer. Once money goes into a corporate coffer it is impossible to know how it was spent because you do not know what money would have been spent on what in the absence of that injection. It was the same approach in the financial crisis in the absence of viable alternatives in an immediate time frame.</p><p></p><p>It seems to me money should be loaned on the basis of a claim of impending insolvancy to be reviewed and clawed back later on a case by case basis. That requires a deep state with deep competency. As it stands, $2 trillion probably will not be enough given the high leverage in the economy, corporate and household, using blunt instruments.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 868817"] That's because it is easier to administer. Once money goes into a corporate coffer it is impossible to know how it was spent because you do not know what money would have been spent on what in the absence of that injection. It was the same approach in the financial crisis in the absence of viable alternatives in an immediate time frame. It seems to me money should be loaned on the basis of a claim of impending insolvancy to be reviewed and clawed back later on a case by case basis. That requires a deep state with deep competency. As it stands, $2 trillion probably will not be enough given the high leverage in the economy, corporate and household, using blunt instruments. [/QUOTE]
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Keep the rest of our powder dry?
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