
Friday August 07, 2009
[ Economics ]
Clunkers and Financial Institutions
Cash sent to financial institutions corrects ("fills" gaps in) balance sheets to improve credit-worthiness and loan-giving capabilities. "Cash for Clunkers" removes depreciated assets prior to their end of life, generates demand and creates economic pull throughout. Small actions at points of leverage can produce much larger effect than much larger actions at other points.
2009-08-07 04:45:11.0 --
;
Permalink
;
Trackback.
economics
finance