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Reply #1: Good, but the institutions should have to present evidence that they are lending. There needs to [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Mike 03

(1000+ posts) Send PM | Profile | Ignore

Wed Nov-12-08 03:48 PM
Response to Original message

1. Good, but the institutions should have to present evidence that they are lending. There needs to

be more due dilligence here. The Fed and the Treasury should not simply take on good faith that these banks are lending. They clearly are not. The "lending" was the most important part of this whole deal. The capital infusion was supposed to incentivize the lending, but somewhere somebody didn't get the message.

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