Scary: Banks Tighten Lending Standards Most on Record as Economic Outlook Dims

Discussion in 'Wall St. News' started by Daal, Nov 3, 2008.

  1. Daal


  2. And it looks like Banks don't want to lend!

    These fuckers should have been left out in the cold.

    Look at this.

    They created the mess, then hoard cash creating a liquidity trap to recapitalize their own books. I said this was gonna happen.

    So how many more years until banks are cash positive and loosen credit?

    1? 2? 3? 4?

    How many years until they recoup past subprime and derivative losses??

    This is bullshit. This is why we should have let them fail. Crash and burn.

    Then the smaller guys step up and take their place.

    Much sounder banking system and we would have recovered by now.