The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (197039)	4/20/2009 2:17:36 PM
From: NOW	Read Replies (2) of 306849

I was just reading a piece posted by Ilargi over on TAE (and from the WSJ) entitled "Bank Lending Keeps Dropping". "...Lending at the biggest U.S. banks has fallen more sharply than realized, despite government efforts to pump billions of dollars into the financial sector. According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program..." OK, please excuse the crass analogy. But here's the deal: Who's gonna go to a club to get "lucky" if no one uses condoms and there's an outbreak of Herpes (or worse) taking place??? That's what we've got people. Wit the suspension of mark-to-market accounting and with such obvious duplicity oon the part of the banks and the government, only a fool would lend and/or borrow money in the environment. And even though the government has promised to provide the rubbers AND the antibiotics in case you get sick...

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