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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (3962)8/6/2002 9:22:32 AM
From: mt_mike  Read Replies (1) of 89467
 
Jim, gone for a few days and you guys certainly posted a lot of interesting reading. As I walked in last night I caught someone on CNBC discussing the Feds remaining options to jumpstart the economy. The options include:
1. Cutting interest rates.
2. Increasing money supply.
3. Decreasing margin requirements for banks.
We have talked about 1 and that probably will not work. Money supply has increased 40% since 2001 and the economy is still tanking. What about decreasing margin requirements. My thoughts are you can decrease the margin requirements but you cannot make a bank lend.
I work with some banks and lending officers have told me they have been scaling back the size of some loans. In the past year they would lend despite high debt ratios for borrowers and now they are not as willing to make riskier loans unless a person has sterling credit and is putting at least 20% down. What are your thoughts on the 3 bullets the fed has left.
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