Although lending directly to distressed businesss and other borrowers would solve the main problem, it would fail to address the real issue that Secretary Paulson is trying fix:
– Preserve the value of his Goldman stock and Options
Or the real issue the House Banking Committee is trying to address:
– 15 or so members from the NY CT Ma area scarred to death that Wall Street Revenues (tax and payroll)will not reach the various cities in the area.