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To: vbmoneyspender

Banks are making it hard because the risk are too great. The problem with the economy IS NOT because the bank don’t lend out, but because they lent out too much and too easily. Main street failed (can’t pay the loan), so the bank failed.


8 posted on 12/10/2009 10:27:23 PM PST by 4rcane
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To: 4rcane

you’re describing events that happened in the past - the opposite problem is occuring now.


10 posted on 12/10/2009 10:31:40 PM PST by vbmoneyspender
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To: 4rcane
U.S. banks are reducing their lending at the fastest rate on record, tightening the credit squeeze and threatening to leave many otherwise viable businesses unable to borrow money to expand their businesses, meet their payroll or refinance their maturing debts
12 posted on 12/10/2009 10:34:14 PM PST by vbmoneyspender
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