Costly Credit Overhaul of Banks

The Obama Administration says it wants to help business, especially as the economy is poor. One way is to loosen credit. At the same time, it is creating regulations which will overhaul big bank credit.

This means many bigger banks will receive lower credit ratings. When they do, they, themselves, will have to borrow at higher cost in the bond markets. Moreover, the regulations will not have any practical effect in making banks more secure.

The administration cannot have it both ways. The media, for the most part, goes along with the charade, and gives the administration a free pass.

That is not surprising. The media does little to screen out the anti-business dogma that spews forth daily from Washington.