farmer448

Flying Bankers and the Economic Crisis: How Do We Make Banks Lend?

An interesting piece, but like most of the rumors and news today very little hard data to back it up. A 300% increase on a lease, was the old lease over? Did the landlord have other tenants ready, was the old lease a teaser deal? People do not act irrationally to their needs. The one think that was well said is why aren't the American Banks lending. The libor rate is coming down which means at least the Europe is doing something right.

But then again, you can arrest all the Bank Executives and Directors and throw them in jail for stealing the governments money. Do you think a week in jail might change some minds of Senior managers and Directors. Just think of the ideas the New York Bankers might come up with on the Exercise Yards of the Federal Lockup.

Wall Street Breakfast: Must-Know News

Citigroup and Wachovia the two ethical banks. So Wachovia made an agreement with Wells Fargo. No Problem, Managements in banks do not have to keep their word. Another reason to doubt the credibility of Wall Street and to realize, Agreements between Mnagements are just so much toilet paper.