Lets hope the banks are hoarding cash to get the government monkeys off their backs.
They are hoarding cash, and the Fed is paying them to do so.
Their hoarding of cash is one of the things that is killing the economy. The banks refuse to confess and admit how much of their debt portfolios are crap and will go to default, so they’re plumping up their balance sheets with hoarded cash — at the expense of the real, productive economy.