What a difference a few centuries can make. When Shakespeare wrote The Merchant of Venice, lending money was a repugnant transaction.
When President Obama spoke to Congress Tuesday evening, he had this to say: "You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education, how stores stock their shelves, farms buy equipment, and businesses make payroll."
Tuesday, February 24, 2009
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1 comment:
I believe that it was the posting of collateral which was repugnant, and not the loan itself. Pound of flesh without blood vessels as I recall.
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