08 June 2010

8 JUN 2010, Tuesday

chart of the day, U.S. Government Securities At All Commercial Banks, 1947-2010

  • Banks, contrary to popular belief, are lending like crazy!
  • Only, it's not to the public...it's to the Federal government.
  • This simply put is the effect of the TARP, Stimulus, Health Care, etc.  
  • All available capital is being soaked up by the government...business and private citizens are being crowded out of the credit markets.
  • No soup for you!!!

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