27.10.08

So When Will Banks Give Loans?

“Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?”

the dirty little secret of the banking industry is that it has no intention of using the money to make new loans
will use it to acquire other banks

http://www.nytimes.com/2008/10/25/business/25nocera.html?_r=1&dbk&oref=slogin

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