Quotes 1 till 10 of 10.
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Country banks are more flexible in their lending policies than their city brethren are.
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And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.
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Banks hold deposits and savings entrusted to them by individuals, by businesses, by governments and by central banks. They put that money to work, helping people to buy homes, for example, or lending to businesses to invest in expansion.
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Borrowing is not much better than begging; just as lending with interest is not much better than stealing.
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Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.
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Human beings, for all their pretensions, have a remarkable propensity for lending themselves to classification somewhere within neatly labeled categories. Even the outrageous exceptions may be classified as outrageous exceptions!
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Large fortunes are all founded either on the occupation of land, or lending or the taxation of labor.
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The banks are not lending, at least from what I see. They were so wild and reckless back in the good times that they got burned terribly.
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The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.
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