credit: TARP Bank Lending Falls 7% In April
- 06/18/09 09:15 AM
According to CNNMoney.com and a government report, the nations 21 largest banks that received TARP funds showed a decline of 7% in their lending volume in April compared to March. This of course continues a trend that we saw established in 2008 when the credit markets seized and loan volume declined by 55% in 2008 compared to 2007. As I have written about before, lending is a two-way transaction. Not only does credit need to be available, but there also needs to be demand for it. This article confirms this, "Regulators attributed part of the decline to lower demand for new commercial and … (7 comments)
credit: But It's All About Credit, Right?
- 05/04/09 11:41 AM
How many times have we heard either politicians, talking heads, or CEOs say, "we need to get credit moving again"? As I have written about before the accepted philosophy has been that once we fixed the banking system and gave the banks enough capital, or guaranteed enough of their loans, or when we removed the toxic assets (all at the cost of the tax payer of course), that the banks will start lending again, the economy will turn around, and as Clark Griswold said in Vacation, we'll all be whistlin' Zip-a-dee-do-dah out of our you know whats as we skipped to work each day. Well, we have … (6 comments)
credit: It's NOT About Credit
- 04/26/09 03:21 AM
For the past several months I have listened to CNBC analysts, politicians in Washington, and bank CEOs talk about the need to get credit flowing. That once we fixed the banking system and gave the banks enough capital, or guaranteed enough of their loans, or when we removed the toxic assets (all at the cost of the tax payer of course), that the banks will start lending again, the economy will turn around, and as Clark Griswold said in Vacation, we'll all be whistlin' Zip-a-dee-do-dah outta out of our you know whats as we skipped to work each day. And I will admit, they had me going for … (9 comments)
credit: "Bailout: The Sequel" Coming to a Bank Near You...
- 01/19/09 04:36 AM
(Begin voiceover by Don LaFontaine) "In a world where every bank wants something for nothing, only one branch of government has the answer, meet the U.S. Treasury Department!" (End voiceover by Don LaFontaine) If you thought movies like Teen Wolf Too, Jaws: The Revenge, Speed 2 Cruise Control, and Weekend at Bernies II, were a waste of your money, just wait until the new bank bailout is unveiled; and no, I'm not talking about the second tranche of the $350 billion of TARP money that was approved last week. Here's the problem, while the original capital injections that were made by … (7 comments)
According to CNNMoney.com and a government report, the nations 21 largest banks that received TARP funds showed a decline of 7% in their lending volume in April compared to March.
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