Retailers Launch Their Own Stimulus Packages
• NY TimesTired of waiting for spending to rebound on its own, retailers are taking matters into their own hands. Wal-Mart's Sam’s Club is introducing a program in which it facilitates loans for shoppers of up to $25,000, backed by the Small Business Administ
Except that these are actually lost leaders to be leveraged into credit default swaps and otherwise multiplied fractional-reserve-like. And then the house repos. Wal-Mart is hardly to be accoladed as "taking matters into it's own hands". It's handing the gummint baton over to the next runner. Welcome to Gummint 2.0, the Corporation-State.
Remember, good readers, as the gummint is de-funded by design, the companies will take up all that slack and then some by design. Instead of the cops at your door to collect, it will be Blackwater/Xe, Wal-Mart Division. TANSTAAFL.