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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (52517)	3/24/2009 2:23:24 AM
From: geode00	Read Replies (1) \| Respond to of 149317

"Banks are unwilling to sell the loans and securities for pennies on the dollar, and investors are cautious about overpaying for assets that might become worthless. In the meantime, the banks have reduced their lending because their required capital is worth less than they thought." marketwatch.com{741B3DED-89BB-4F5B-B7D6-CA100B8409D3} ----------- So, with the money they have already received from the government, these banks are simply sitting on top of these assets collecting whatever they provide? Are they in some kind of stasis? If so, what about just leaving them there. Why complicate things by putting them into the loop? They are the only banks in the USA? They are the only group of people capable of making a loan? What makes anyone think that, once these dumb loans are taken off of their books, their business prowess will improve? Aren't they going to be scrambling to make up for lost time by looking for the next sure thing? This makes less sense with each iteration.