Monday, January 30, 2012 - 4:47 PM

Fed Survey Finds Banks Still Cautious To Lend

Banks in the U.S. kept credit fairly tight in the final months of 2011 even as demand for loans increased, putting a brake on the slow economic recovery.

Low interest rates won't increase lending when banks refuse to lend.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Monday, January 30, 2012 - 7:54 PM

Right on the mark Ken! We are stuck in no man's land right now. The Fed thinks it's near zero rates will encourage people to borrow and banks to lend. It ain't happening folks. Now what Mr. Smarty Pants Ben Bernanke? The last decent Fed Chairman we had was Paul Volker and the numbskulls in power now don't want to listen to a word he has to say. 2014, 2015, 2016...maybe a quarter point raise by then. Maybe?

Shorebreak538 posts since
Apr 6, 2010
Rep Points: 1,940