My dear readers - 13,

The frustration on Main Street builds as our government continues to fork over billions and billions to encourage our banking institutions to get on with the show, loosen up a bit, and start peppering us peons with some money in the form of eased credit restrictions.

But surprise! It’s not happening!

“Congress approved the $700 billion rescue plan with the idea that banks would help struggling borrowers and increase lending to stimulate the economy,” says Mike McIntire in his article “Bailout Is a Windfall to Banks, if Not to Borrowers” in the January 18th edition of the New York Times .com. http://www.nytimes.com/2009/01/18/business/18bank.html?th&emc=th

But listen to what banker John C. Hope III, the chairman of Whitney National Bank in New Orleans has to say regarding the bailout money: “Make more loans?” Mr. Hope said.

“We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.”

Well, my friends, and what have ye to say about that?

I know what I would say, but mum’s the word on that.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

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