There are also some of the same that I haul their machinery to the auction house, because of lack of credit. When it is auctioned off I see it going onto containers, at long Beach heading for China, or India. These businessmen are at least as credit worthy as anyone at AIG, or any of the so-called too big to fail banks.
And, if those guys were able to make enough money to pay the note on that dozer, or cherry-picker, it wouldn't be going to the auction house.
Making more loans isn't going to fix the problem.
I guess PBO just can't resist doing things ass backwards.