Banks are getting wrecked because Bernanke is flattening the yield curve which in turn makes the banks profits less. More reason for these dirtball banks TO START LENDING AGAIN....which is what BANKS ARE SUPPOSED TO DO. Banks are just sitting on a pile of cash collecting free interest and not doing any lending....I know plenty of people with great credit scores and plenty of FCF who either cannot get mortgages or banks are demanding 40-50% down. Screw Jamie Dimon.
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