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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:38 PM Original message |
Why the banks are not lending the money we gave them? |
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NV Whino (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:43 PM Original message |
Oh come on, kentuck |
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MarjorieG (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:43 PM Response to Original message |
1. If they balanced their books, reconciled troubled assets, they'd need it, but just creative |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:47 PM Response to Reply #1 |
3. Exactly |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:45 PM Response to Original message |
2. No, actually that is not the reason |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:52 PM Response to Reply #2 |
4. Yes. Bank of America was more than $1 billion in the red this quarter. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:28 PM Response to Reply #4 |
16. The best thing to do |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:31 PM Response to Reply #16 |
19. I agree that... |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:38 PM Response to Reply #19 |
23. This bank centered recovery |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:40 PM Response to Reply #23 |
24. Yep. |
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CountAllVotes (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:16 PM Response to Reply #24 |
30. please add Bernanke to the list! |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:57 PM Response to Original message |
5. Small businesses are desperate for loans but cannot find them. nt |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:59 PM Response to Reply #5 |
7. I have heard that but... |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:11 PM Response to Reply #7 |
8. Here's a good article that ran last week. The big problem is that |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:16 PM Response to Reply #8 |
9. Thanks for the info. |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:18 PM Response to Reply #9 |
11. Exactly - we need to force them to give it back if they are just going |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:35 PM Response to Reply #11 |
22. As Allentown Jake said above... |
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robinlynne (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:34 PM Response to Reply #7 |
35. last night on public tv special! I think it was Bill Moyers. |
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newspeak (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:26 PM Response to Reply #5 |
14. absolutely spot on |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:30 PM Response to Reply #14 |
17. I bank with them unfortunately - my project next week is to find a |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:32 PM Response to Reply #17 |
20. I agree about Geithner and Summers. |
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prole_for_peace (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:16 PM Response to Reply #5 |
31. I work in an accounting firm and many clients cannot get loans. |
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Capn Sunshine (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:22 PM Response to Reply #5 |
33. that's right |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 02:57 PM Response to Original message |
6. They need it |
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rucky (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:18 PM Response to Original message |
10. I'm afraid that's not how it works. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:20 PM Response to Reply #10 |
12. Are you saying there is no way we can get our money back? |
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rucky (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:23 PM Response to Reply #12 |
13. I was commenting on your first part. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:26 PM Response to Reply #13 |
15. We take the money back...and give them Treasury Notes. |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:30 PM Response to Reply #15 |
18. Now you're talking!! +100 |
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naaman fletcher (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:33 PM Response to Original message |
21. It's really straight-forward: |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 03:52 PM Response to Reply #21 |
25. The money should have gone to the community banks and the credit unions... |
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naaman fletcher (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:01 PM Response to Reply #25 |
26. yes but.. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:05 PM Response to Reply #26 |
27. Yes, the commercial mortgage disaster is waiting... |
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naaman fletcher (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:19 PM Response to Reply #27 |
32. and that's the problem with gov't |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:38 PM Response to Reply #26 |
36. +1000 |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:06 PM Response to Reply #25 |
28. Amen. We need that money put to work in the REAL economy. |
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TheWebHead (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:15 PM Response to Original message |
29. you're mistaking investment banks with consumer banks |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 05:29 PM Response to Reply #29 |
38. But wasn't the TARP money given to them to take care of the mortgages? |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 06:04 PM Response to Reply #38 |
40. It is the way it was sold |
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robinlynne (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 04:33 PM Response to Original message |
34. not really. small businesses are trying to borrow and unable to secure loans. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 05:15 PM Response to Reply #34 |
37. If that is the case... |
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robinlynne (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 06:38 PM Response to Reply #37 |
44. They were talking about citibank and JP Morgan who will not lend. |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 06:03 PM Response to Original message |
39. Rrrrrrrright. And the cow jumped over the moon. nt |
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RC (1000+ posts) Send PM | Profile | Ignore | Sat Oct-17-09 06:19 PM Response to Original message |
41. Instead of giving the "Stimulus Money" to the institutions that caused the mess in the first place, |
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thenooch (62 posts) Send PM | Profile | Ignore | Sat Oct-17-09 06:24 PM Response to Original message |
42. I'm no economist... |
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DepletedCranium (7 posts) Send PM | Profile | Ignore | Sat Oct-17-09 06:37 PM Response to Original message |
43. Some good guesses |
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