CSPAN Public Affairs January 1, 2013
Stopped the landing, because a lot of this was due to reckless lending. And of course, not only do you have banks sitting on the sidelines, but of course any company that has cash sitting on the sidelines, it is a turbulent economy, and it would be reckless to do anything because you do not know what is going to happen, and the same applies for the lack of clarity on taxes for the next year. It is the wise thing to do, to sit on cash and conserve it because you do not know what your tax bill is going to be, you do not know how much longer your economy is going to be in disastrous shape. Host t...
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