No, banks are not picking up their lending. Where are you getting that idea from??? The banks AREN’T lending more. I’ll need some definitive proof if I’m going to believe your seemingly erroneous assertion.
http://www.federalreserve.gov/releases/h8/Current/
http://www.turkishweekly.net/news/63368/us-bank-crisis-deepens-as-ecb-rate-cut-expected.html
“The large banks in the U.S. are not lending, and they’re desperate to conserve capital,” said Dan Alpert at Westwood Capital in New York. “Banks only remain going concerns because the federal government is topping up their equity.”
http://seekingalpha.com/article/113237-banks-lending-and-the-economy
“Right now, the commercial banks are not lending, and there doesn’t seem to be much reason to believe that they will pick up their lending any time soon. “
http://www.euractiv.com/en/BreakingNews?GUID=TRE50220O&_xsl=Article
“The BBC and The Times newspaper both reported on Saturday that the government was considering a second bailout because measures taken so far had failed to get banks lending again.”
http://www.freerepublic.com/perl/post
“S&P: Bank lending to slow “dramatically” in 2009 in Latin America”
I could go on for weeks posting these articles.
Signs of credit market thaw begin to emerge
Companies are selling bonds at a rate not seen since last
updated 1:33 p.m. ET, Fri., Jan. 16, 2009
NEW YORK - Credit markets are beginning to thaw after months of a deep freeze.
In a promising turn that could bolster the economy, companies are selling bonds at a pace not seen since last spring. At the same time, companies are finding it easier to issue commercial paper, the short-term loans necessary for quick access to cash.
Global sales of new corporate debt jumped to $82 billion last week, the highest since $103 billion last May and nearly double the level seen right before the credit crisis intensified in September, according to data-tracker Dealogic.