|"We believe that access to public support is a privilege, not a right. When our government provides support to banks, it is not for the benefit of banks, it is for the businesses and families who depend on banks... and for the benefit of the country. Government support must come with strong conditions to protect the tax payer and with transparency that allows the American people to see the impact of those investments."|
Which begs the question: If the money the gov't gives to banks is for businesses and families, then why doesn't the gov't just give that money directly and do away with the banking system altogether? Seems Geithner doesn't understand the role of the banking system or how it functions. Banks don't lend their reserves, capaital or deposits.