ST Alpha - "It's a stupid idea. And honestly the problem with the whole "the banks need to act like banks and start lending again" is at this point not really " (Reading a Post)

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In response to "SITWAP: Two key Republican Senators suggest it may be time to let big banks fail. -- (link)" by TaurusII

It's a stupid idea. And honestly the problem with the whole "the banks need to act like banks and start lending again" is at this point not really

Posted by pmb (aka pmb) Mar 9 '09, 14:53

true. Banks are (finally) acting like prudent banks. They're not lending because the earnings of companies are nose-diving and they can't get a handle on the value of assets when there is virtually no market to sell them. The economy is going to have to level off before they can start lending again.

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there's a lot of people out there that just want things to go back to how they were in August. Nagannhappen. -- nm - Reagen Mar 9, 14:59 2
- [deleted] 1
  - a.k.a. the Carter strategy -- nm - con_carne Mar 9, 15:07

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It's a stupid idea. And honestly the problem with the whole "the banks need to act like banks and start lending again" is at this point not really

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