Are banks struggling or scamming?
The Nation/Howl
by Nicholas von Hoffman
04/24/09
After all the money and other kinds of help that has been given to banks or extorted from the public, banks still aren’t lending enough to make a difference in this troubled economy. The Wall Street Journal reports that the biggest financial institutions ‘made or refinanced a total of $226.3 billion of loans in October. In February that figure had fallen to $174.2 billion.’ … You would think that since the banks can borrow money from the government at close to zero-percent interest and lend it at 4 percent to 5 percent, they would be shoving dough out the door into the hands of any vaguely solvent looking passerby, but they’re not...
http://www.thenation.com/doc/20090511/howl
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Nicholas+von+Hoffman
by Nicholas von Hoffman
04/24/09
After all the money and other kinds of help that has been given to banks or extorted from the public, banks still aren’t lending enough to make a difference in this troubled economy. The Wall Street Journal reports that the biggest financial institutions ‘made or refinanced a total of $226.3 billion of loans in October. In February that figure had fallen to $174.2 billion.’ … You would think that since the banks can borrow money from the government at close to zero-percent interest and lend it at 4 percent to 5 percent, they would be shoving dough out the door into the hands of any vaguely solvent looking passerby, but they’re not...
http://www.thenation.com/doc/20090511/howl
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Nicholas+von+Hoffman
rudkla - 27. Apr, 08:26
