Mark Cuban On The Bailout

Mark Cuban, billionaire dude, eccentric guy and blogger, says this:

Has everyone forgotten that we didnt trade in last year’s bankers for a new team. The bankers that we hope will reflate the economy with loans to the people and companies who need it ARE THE SAME BANKERS THAT GOT US INTO THIS MESS. These are bankers that dont know how to bank the right way .

Not only are they the same bankers, but they now work for companies in an industry that has been completely turned upside down. WHAT MAKES ANYONE THINK THEY ARE ACTUALLY GOING TO MAKE LOANS TO MAINSTREET CONSUMERS ? What makes anyone think they are going to set standards that any normal American can meet, and then actually loan them money at terms they can afford ?

They wont. No chance, no how unless the Fed sets standards that makes them lend to Mainstreet America.

He’s kicking some butt. Read the rest here.

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Posted by newscoma on Sep 25th, 2008 and is filed under Tennessee.

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2 Responses to “Mark Cuban On The Bailout”

  1. Mack says:
    September 25th, 2008 at 2:06 pm

    Yup, and btw, a few of us “local” bloggers have been on this from the jump.

  2. newscoma says:
    September 25th, 2008 at 2:10 pm

    I know Mack. I’m one of them. :)