I think a key question is whether or not these banks will be able to lend money -- whether they can find creditworthy borrowers and whether anyone wants more credit. I think the Fed will work to force lending as much as they can, and they may succeed in forcing these debts through society. This is similar to how the IMF forces countries to take debts they cannot repay, and is at the heart of the banking fraud. -- KM
***
Several top banks have said they are interested in a piece of the $125B set aside for them. Lousy quarterly numbers may push other banks to ask for help. NEW YORK (CNNMoney.com — When the U.S. government starts cutting checks to troubled financial institutions, expect many of the nation’s struggling regional banks to be first in [...]
Go to Full Article