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Question: Given our collective financial plight and our need for credit to survive, how do we get banks to be banks again read: lend Can it be legislated and if not, how can we surmount our impasse Paul Solman: If the government nationalizes or, as I prefer to call it, Scandanavianizes , it can do darn near anything it wants with the banks it runs, lend to anyone at whatever rates. But be careful what you wish for. If the borrowers go bust, you the taxpayer and I your fellow bank-owner will be covering the shortfall. No different than now, it would seem. But might not government-owned banks be under extra pressure to lend to politically sensitive or politically powerful supplicants stanley cup Go Deeper banks stanley cup borrower credit government lending nationalization rates shortfall taxpayer the business desk Support Provided By: Learn more Support PBS News: stanley cup Educate your inboxSubscribe to Herersquo the Deal, our politics newsl Vwfa Listen to Me: Spotlight New York
In 2008, then-candidate Barack Obama promised to make Afghanistan a top priority. A month after his inauguration, the new president agreed to the military request for a troop surge, adding 17,000 to the 36,000 American forces already there. Ten months later, the president beefed up the U.S. presence further, adding more military forces and civilian aid to the Afghan government. But how effective were those efforts, which cost billions of dollars every month A new book, Little America: The War within the War for Afghanistan, delves into all of this. Its author is Washington Post reporter Rajiv Chandrasekaran, who recently spoke with Ray Suarez.Did U.S. Dollars Fuel Corruption in Afghanistan One of the key metrics for success in Afghanist stanley cup an was the burn rate how much money t stanley cup he U.S. Agency for International Development spent rather than looking at what had been accomplished, or examining the effects of money being poured into the country, explained Chandrasekaran.When USAID reached a figure of $300 million a month, there was a great celebration at their offices in Kabul for all that was achieved, Chandrasekaran said. That couldn ;t be further from the truth. In fact in man yeezy y cases the more we [the USA] spent, the less we accomplished. Or what we accomplished ran counter to what we wanted to do. As we put more money in, we fueled corruption, we fueled inefficiencies, we fueled governmental theft and
Question: Given our collective financial plight and our need for credit to survive, how do we get banks to be banks again read: lend Can it be legislated and if not, how can we surmount our impasse Paul Solman: If the government nationalizes or, as I prefer to call it, Scandanavianizes , it can do darn near anything it wants with the banks it runs, lend to anyone at whatever rates. But be careful what you wish for. If the borrowers go bust, you the taxpayer and I your fellow bank-owner will be covering the shortfall. No different than now, it would seem. But might not government-owned banks be under extra pressure to lend to politically sensitive or politically powerful supplicants stanley cup Go Deeper banks stanley cup borrower credit government lending nationalization rates shortfall taxpayer the business desk Support Provided By: Learn more Support PBS News: stanley cup Educate your inboxSubscribe to Herersquo the Deal, our politics newsl Vwfa Listen to Me: Spotlight New York
In 2008, then-candidate Barack Obama promised to make Afghanistan a top priority. A month after his inauguration, the new president agreed to the military request for a troop surge, adding 17,000 to the 36,000 American forces already there. Ten months later, the president beefed up the U.S. presence further, adding more military forces and civilian aid to the Afghan government. But how effective were those efforts, which cost billions of dollars every month A new book, Little America: The War within the War for Afghanistan, delves into all of this. Its author is Washington Post reporter Rajiv Chandrasekaran, who recently spoke with Ray Suarez.Did U.S. Dollars Fuel Corruption in Afghanistan One of the key metrics for success in Afghanist stanley cup an was the burn rate how much money t stanley cup he U.S. Agency for International Development spent rather than looking at what had been accomplished, or examining the effects of money being poured into the country, explained Chandrasekaran.When USAID reached a figure of $300 million a month, there was a great celebration at their offices in Kabul for all that was achieved, Chandrasekaran said. That couldn ;t be further from the truth. In fact in man yeezy y cases the more we [the USA] spent, the less we accomplished. Or what we accomplished ran counter to what we wanted to do. As we put more money in, we fueled corruption, we fueled inefficiencies, we fueled governmental theft and