TomF75

Banks Not Lending Anymore? Simply Untrue

I thoroughly agree Sentinel. The economy of the last 8-10 years has been one complete cheap money farce! The quicker we get back to a normal level of moderation where, you actually have to prove your income to get a loan for a house or car, and where you need to follow the sensible metrics that were in place for years the better has a whole our economy would be for the long term.

God forbid a politician, bank, or CNBC talking head think behind the present quarter numbers!! Maybe if we got rid of all of the our country would been in far better shape.


On Jan 16 10:01 AM Sentinel wrote:

> The Banks aren't lending is true.
>
> The Banks are lending is also true.
>
> What is even TRUER is the Banks are FINALLY lending in a spirit of
> FEAR and RESTRAINT as they should have been for over a decade. <br/>
>
> However, this won't paly out well for a while at least because all
> the excess, cowboy, devil-may-care lending that has gone on must
> be worked out of the system just like someone in detox.
>
> A lot of sweating, vomiting, hallucinations, tremors, etc. The next
> few years will not be pretty.
>
> Oh,,,by the way SIX.....the fear mongering is not useless....nor
> is it driving public opinion. Businesses are shedding workers by
> the millions because come talking head on CNBC is preaching doom
> and gloom. People aren't losing their houses because of "negative
> thinking". The entire world is not in recession because of "fear-Mongering&am...
>
>
> It's simply this.....we have been promised too much, we have indebted
> ourselves personally and governmentally too much, and we have drained
> out fuel resources causing high prices too much...(the crash in fuel
> prices only being a result of the precipatous fall in demand due
> to the global recession.)
>
> It's all about fundlementals SIX...not fear. Fear is the natural
> outcome of seeing all of the last 8 years shattered and the ugly
> reality laid bare for all to see.
>