Re: Real World-How many of your longt ime customers are now closed?


"F. George McDuffee" <gmcduffee@xxxxxxxxxxxxxxxxxxxxxx> wrote in message
news:2eisn45cr0dnctlore9ib1hed499vbdanb@xxxxxxxxxx
On Mon, 26 Jan 2009 14:48:15 -0600, F. George McDuffee
<gmcduffee@xxxxxxxxxxxxxxxxxxxxxx> wrote:

Where's all this bailout
money I keep hearing about?
<snip>
=====================

You asked ......
<snip>
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A follow-up to my follow-up

-----------------
* JANUARY 26, 2009

Lending Drops at Big U.S. Banks
Top Beneficiaries of Federal Cash Saw Outstanding Loans Decline
1.4% Last Quarter


Except they didn't George.
What dropped was the market for securities.
Bank lending is actually up.
What is down is the selling of loans and origination fees.
A 14% decline in bank lending is actually an increase.
Banks haven't been lenders for ten years.

JC


.

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