Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
Help me out here.

I hear the economy is frozen. Banks won't lend. No mortgages. Hoarding
their bailout money.

Yet, virtually every commercial break on MSNBC or CNN features at least
one pitch from a major bank or a mortgage company (Ditech comes to mind,
which is a GMAC subsidiary) offering low interests mortgages, loans and
"we have money to lend" announcements.

So, why aren't they lending? Seems to me that this would be an ideal
time for people to re-finance for lower rates, etc.

Economics confuses me.

Eisboch



Mostly unregulated handouts...the banks need to pay their Xmas bonuses
first.

Huh?




The funds the banks and brokerage houses received were mostly without
strings, at least at first, and they're not making loans because the
funds were used to pay bonuses and buy golden parachutes for the execs.

Right?