Banks "We have better things to do with that money you gave us than lend it out"Quicklink submitted by Amanda Lang Permalink
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|As long as banks are being allowed to buy up failed competitors for cents on the dollar, they're going to keep their powder dry and not lend. Add to that that they don't much want to lend going into a horrible recession, and that many of them don't look too liquid even after the bailout, and not only aren't they going to lend, they're going to keep contracting credit.|
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