Held hostage by banks!

It appears that the current problem with the recession is that suddenly there was no credit, and past loans used for operating expenses were either cancelled or not renewed.
This applies to corporations and individuals.

Why would that be? Who snitched?

Gathering up all of the "Toxic" home and business loans and bundling them for sale as a group suddenly died! Why?

General Motors and Ford and Chrysler suddenly can't get another loan when their dealers don't sell cars for just a few months! How long have they been making more cars than they could sell, thus, having to reduce prices or refund money to the point of not making a profit?

Now, business people will do silly stuff like this as long as money can be had and continue to do it long after they know there is no more money! Builders are a good example of that!

But, the question is, why will our leaders allow such stuff? Answer: to keep the economy going up and up, and not be the first one to yell--stop it!

That and stupidity. We hire stupidos (Tontos) sometimes and put a Limbaugh or a Hannity out there to promote them--who are paid millions by those in a false economy to keep it going.