uss?

The People's National Bank?

You misconstrue this problem as a liquidity/lending crisis when in fact it is a solvency crisis. The U.S. banking system is insolvent with massive fraud occurring on the balance sheets of the major banking institutions. The Federal Reserve is now the central threat to American democracy because it is acting acting outside of the law and perpetuating fraud on a truly massive scale.

Until policy recognizes that the bust is the recovery, the U.S. will be mired in this mess. Cleanse the balance sheets, fire incompetent managers, reform policies to level playing field for manufacturers, reward savers, and punish the imprudent. Create sound money backed by tangible assets while you are at it. Insure depositors and leave risk takers to their just desserts.

Getting the banks lending again is the least of our problems.