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Bernanke Calls Out Banks For Stiffing Small Business In... - 7/12/2010 5:56:40 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Bernanke Calls Out Banks For Stiffing Small Business In Favor Of Big Firms
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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 6:00:04 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline 		"The insights we obtained from small business owners, lenders and others in this series of meetings have given us a more nuanced understanding of the problem and will help us identify areas where we might be able to do more," Bernanke said of the summits that began in February"

"It's hard to understand, though, what new information the Fed has learned over the past few months that hadn't been known by experts for some time. Industry consultant Bob Coleman of Coleman Publishing said there hasn't been much in the way of new information on the credit crunch."


In other words, try and put the blame anywhere but on an administration that has businesses of any size wary of making investments.


(in reply to pahunkboy)
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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 6:02:29 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Yeah- it is tempting to say he is just a song and dance. 


It takes 6-9 months for the system to trickle in.  

(in reply to willbeurdaddy)
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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 6:06:20 PM   
DCWoody


Posts: 1401
Joined: 10/27/2006
Status: offline 		The nature of the bailout over here involved the government becoming major shareholders in some banks, enabling them to easily enforce increased lending that could be afforded...don't know how it was done over there.

Would note "The lack of credit is stifling the nation's ability to emerge from that crisis."


Unless I am very much mistaken, the usa has emerged from the crisis....projected to grow 2.something this year?

(in reply to pahunkboy)
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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 6:09:11 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: DCWoody

The nature of the bailout over here involved the government becoming major shareholders in some banks, enabling them to easily enforce increased lending that could be afforded...don't know how it was done over there.

Would note "The lack of credit is stifling the nation's ability to emerge from that crisis."


Unless I am very much mistaken, the usa has emerged from the crisis....projected to grow 2.something this year?



That is what they claimed.   

(in reply to DCWoody)
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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 6:15:04 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: DCWoody

The nature of the bailout over here involved the government becoming major shareholders in some banks, enabling them to easily enforce increased lending that could be afforded...don't know how it was done over there.

Would note "The lack of credit is stifling the nation's ability to emerge from that crisis."


Unless I am very much mistaken, the usa has emerged from the crisis....projected to grow 2.something this year?



Youre technically not mistaken, but the reality is that the growth in GDP the last two quarters is largely inventory effects. There has been considerable slowdown in that area from 2009 to 2010, and consumer confidence/spending is down. Private sector employment growth is anemic, and businesses are going to sit things out at least till November elections. GDP will most likely continue to decline till then, and if the Dems somehow hold on to both Houses there will be a major dip early next year as the Bush tax cuts expire.

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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 6:33:06 PM   
DCWoody


Posts: 1401
Joined: 10/27/2006
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quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: DCWoody

The nature of the bailout over here involved the government becoming major shareholders in some banks, enabling them to easily enforce increased lending that could be afforded...don't know how it was done over there.

Would note "The lack of credit is stifling the nation's ability to emerge from that crisis."


Unless I am very much mistaken, the usa has emerged from the crisis....projected to grow 2.something this year?



That is what they claimed.   




Well it's hardly something ya can smudge the figures for....

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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/12/2010 8:50:59 PM   
Fellow


Posts: 1486
Joined: 9/21/2009
Status: offline 		The last sentence of the link tells the story:
"About 92 percent of small business owners reported that "all their credit needs [were] met, or they did not want to borrow," according to the group's most recent monthly report."
Bernanke should be able to understand simple numbers.
It is Obamanomics: Nobody is interested in expanding or start a business.
Interesting data for large corporations have been reported as well:
"The Federal Reserve recently reported that America's 500 largest nonfinancial companies have accumulated an astonishing $1.8 trillion of cash on their balance sheets. By any calculation (for example, as a percentage of assets), this is higher than it has been in almost half a century. Yet most corporations are not spending this money on new plants, equipment or workers." [ http://www.washingtonpost.com/wp-dyn/content/article/2010/07/04/AR2010070403856.html ]

It is time for Bernanke, Geithner, Summers and other banksters to spend more time with their families (or better with jail mates).

(in reply to DCWoody)
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RE: Bernanke Calls Out Banks For Stiffing Small Busines... - 7/13/2010 7:39:05 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		I seen a Chinese article that called those guys  "shamans"   LMAO

(in reply to Fellow)
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