Great. The free-market phonies strike again. The only thing "free" is "free money" at about half the rate of inflation for everyone else. Remember, when the tables are turned these organizations would not and do not lift a finger to help so why are we giving them such an easy free ride? Just because the Phil Gramm's of the world are paid handsomely to negotiate such handouts, it doesn't mean it's in our best interest.
Banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program, while Wall Street firms didn't draw such loans.
A Fed report released Thursday said commercial banks averaged $16.4 billion in daily borrowing over the past week.
That was up from $13.9 billion in the previous week.
