[camle]

if you pay the bank $100 to buy down debt, the bank has $100 in cash. because then only need 1% on hand, they can leverage that $100 into $10,000 in "on-paper" money that they can loan - they cut a check to another customer who deposits that check into their checking account and write their won checks on it.

this is not good???

[Michael121]

A response from Tom Daschle:

"To answer your question, this is not good. I am deeply concerned for my political future and that of my party, we are the working man's party and I am deeply troubled that more and more of the working men are not sending their money to me. Borrowing from a bank is not good for the consumer or the economy. It is only good when the Government does the borrowing or is the borrower. With individual people doing their own business with a bank there are less people who depend on us in the government to do for them and that troubles me deeply."