Retailers Launch Their Own Stimulus Packages

07-05-2010 • NY Times

Tired 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 Administration.

1 Comments in Response to Retailers Launch Their Own Stimulus Packages

Comment by Die Daily

Entered on: 7/6/2010 2:28:47 AM

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.

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