Home > General Comment, political-economy > Banks still not lending…

Banks still not lending…

According to Naked Capitalism, a key indicator of banks willingness to lend has, so far, barely moved, despite Washington $250 billion plan to partially nationalize them, guarantee their debt and most deposits, and inject billions of dollars in each:

Although the stock market has taken considerable cheer from the monumental action by central banks to try to restore interbank lending to something resembling normalcy, the results to date have been meager. However, hope remains that improvement will continue, albeit at a slow pace.

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