I think it was the president who in his speech about jobs (finally) said we need to give money to small banks so they can lend money to small business. Unfortunately these same smaller banks hold commercial mortgages that could be the next crash.
in reference to: Congressional Oversight Panel: Commercial Real Estate Losses and the Risk to Financial Stability (view on Google Sidewiki)
The smaller banks, and even some regional ones, want nothing to do with the feds. They don't want federal loans or subsidies because of the regulations and strings attached.
ReplyDeleteThey know better.
you know, one of these days, people are going to have to come to the conclusion that "financial stability" is just a myth. and when they do they'll learn to take advantage of the upturns and prepare for the downturns so as to ride it out.
ReplyDeleteBut he is unwilling to back off from his socialist attacks on the economy that have our businessmen scared stiff. Obama is relentless.
ReplyDelete