Open Question
JAMES J. CRAMER
loose lips sink ships....in this case global economy's. i believe i have found
the real reason why banks aren't lending to each other or granting loans to the
public....it's a simple answer no one has covered. problem i have is we, as
americans, have lost trust in our government and the simple answer will only
feed that fire.
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the banks have the money to loan out but if you hit your maximum alloted amount
for loans....you stop loaning out money til enough payments come in from all the
current loans you have out.....a diciplined bank isn't going to put itself in
the situation that the ones that failed did.....hence....the market would of
worked itself out if we just let the greedy bankers who risked investors money
get what's coming to them.
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I'm not a banker, but I think the problem is that the banks didn't keep enough
in reserve. I thought I heard they kept 3 cents on every dollar. That's the
problem, they loaned too much. Again, not an expert so I may be very wrong.
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well in that case, he already sank the fleet
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i hope that cnbc world commentator was joking when he said shhot the messenger!
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they have the money to loan more out.....but got to keep with policy.
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simple...raise the cap.
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SO......since it's a credit union and WHO IS IN CHARGE of credit union
policy's......i think (i didn't ask and she didn't tell me)THE FEDERAL RESERVE!
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well....here goes.....my friend, who approves loans at a bank, told me the
reason banks raised their rates is to slow the demand for loans....the reason
they want to slow down the demand is..........banks have a lending cap and the
won't make new loans nor lend money til they get paid back. right now the banks
HAVE MAXED OUT THEIR LENDING LIMIT!
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