I'm just wondering . . .as I do my late night research, how can the banks "hoard money and loan money" when nobody can qualify for a loan and the banks don't have any money? Did the government hand out cash that we are unaware of? How did they print that much money (over 700 bllion dollars) that fast? I use to run a printing press so I know damned well how long it would take to print 700 billion dollars. Even in denominations of "100 dollar bills" that would take months and months to print. And that currency is not backed by anything except the Federal Government.
Perhaps it's because the CEOs of the banks continue to take the money of the people and pay their execs? What money are they hoarding? It appears to be another prefabricated "pump" by the Feds. Nothing really changed in the market environment. I mean, Ford and General Motors and skipping down Wall Street with super excitement. Wachovia's losses didn't change. Money didn't fly off the printing press and into the banks in the quantities announced at over 700 billion (amount announced to the press) and into banking vaults. So how can the banks be hoarding the money? Do they have a 200 lb credit card that says "700 billion" on it? If so, I would like one.
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