Saturday, March 14, 2009

Do People Even Want to Borrow Money?

The Federal Reserve begins two-day meetings on Tuesday, which means that the stock market could continue its track up or go back down, depending on how investors view the meeting. There is a chicken and egg thing going on. Will freeing up credit for lending boost borrowing for auto loans, homes and student loans, or are consumers and business wary of borrowing? That is what the Obama administration and the Fed are trying to fix. The TALF program will help get credit flowing but how do you get people to borrow? 

Sen. Bill Bradley on Obama's economic policy: