Banking On Fear: Why the Policy of Stuffing the Banks With Money Does Not Help the Real Economy

"The big banks are buying up what they call fixed income instruments (bonds and other debt backed paper) and at the same time offering CDS insurance on the same. Just like they bought and sold protection on mortgages..."This is a fairly good description of why the policies of Bush and Obama have failed to effect an economic recovery.

The policy of 'saving the banks' first and foremost, and of