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A review of investor presentations and conference calls by executives of some two dozen US-based banks by The New York Times found that "few cited lending as a priority. An overwhelming majority saw the bailout program as a no-strings-attached windfall that could be used to pay down debt, acquire other businesses or invest for the future."
Read more about this topic: Emergency Economic Stabilization Act Of 2008
Famous quotes containing the word information:
“The information links are like nerves that pervade and help to animate the human organism. The sensors and monitors are analogous to the human senses that put us in touch with the world. Data bases correspond to memory; the information processors perform the function of human reasoning and comprehension. Once the postmodern infrastructure is reasonably integrated, it will greatly exceed human intelligence in reach, acuity, capacity, and precision.”
—Albert Borgman, U.S. educator, author. Crossing the Postmodern Divide, ch. 4, University of Chicago Press (1992)
“When action grows unprofitable, gather information; when information grows unprofitable, sleep.”
—Ursula K. Le Guin (b. 1929)