Why Loan When Banks Are Flush With The Publics' Money?

[David Farber <dave () farber net>]

Begin forwarded message:

From: "Ronald J Riley \(RJR Com\)" <rjr () rjriley com>
Date: April 20, 2009 6:07:58 AM EDT
To: <dave () farber net>
Subject: Why Loan When Banks Are Flush With The Publics' Money?

Dave, for IP.

According to the Wall Street Journal “Lending at the nation's biggest  
banks has fallen more sharply than previously realized, despite  
government efforts to pump billions of dollars into the financial  
sector.

According to a Wall Street Journal analysis of Treasury Department  
data, the biggest recipients of taxpayer aid made or refinanced 23%  
less in new loans in February, the latest available data, than in  
October, the month the Treasury kicked off the Troubled Asset Relief  
Program.

http://online.wsj.com/article/ 
SB124019360346233883.html#mod=djemalertNEWS”

Could it be that with billions of dollars of the publics’ money that  
the banks do not need loan revenue?

Ronald J. Riley,
Direct (202) 318-1595 - 9 am to 9 pm EST.





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