Went to the bank yesterday to get a loan and just found out today it was denied. So...i have a 700 fico, no credit card debt , no car payment, house has 20% equity and to top it all off, I was securing the loan with an equal amount of cash in THEIR bank. So there was no risk to the bank and only profit to be made by them, but I was still turned down. This is how scared they are to make loans. They are hording their cash which I think is the reason the dollar is pounding all of the currencies. All that money is not in circulation, its being horded by the banks and I think that until that rate cut comes, the dollar is only going to pound those currencies more, and even then we dont know if they are going to start lending again. I'm starting to wonder now though, if is it indeed fear that is making them horde their cash, or are they trying to gain strength in the dollar, then use that strength to buy banks in other countries on the cheap?