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So, When Will Banks Give Loans?

Posted by jaybol 1307 days ago, popular 1306 days ago (http://www.nytimes.com)
Category: Economy | Tags: business journalism
In point of fact, the dirty little secret of the banking industry is that it has no intention of using the money to make new loans. But this executive was the first insider who’s been indiscreet enough to say it within earshot of a journalist.
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