W. Todd Akin: “There is an irony here that the Federal Reserve has created this huge, massive liquidity. Yet it's like they've choked…”

“There is an irony here that the Federal Reserve has created this huge, massive liquidity. Yet it's like they've choked the funnel off so tightly that the liquidity can't drip down. The Democrats used to talk about trickle-down economics. I mean, this truly is kind of a trickle-down scheme. You have all this liquidity created by the Fed. Yet it can't get down to the small business guy because, I assume, that part of this is the banking regulators and the banking policies that are saying to the local banks, That's not a good enough amount of security on that loan. You've got to go back because that loan is upside down. Even though that business has been there for 100 years, even though you know the family, even though you know they're going to pay off, even though they always pay on time, it's not good enough.”