Could this be why the credit markets are screwed up?
Why borrow from each other when you can borrow from Ben
I am no financial wizard, so let me just throw this suggestion out there. Perhaps this is the reason why the credit markets are screwed up and the LIBOR is so high:
Why borrow from each other when you can borrow from Ben Bernanke instead, with far lower risk, and maybe even a chance that the government will forgive your debt at some point down the road?
Just a thought.