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.
Sentiment: NEGATIVE
If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.
Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.
The truth is that the banks that are really hurting under Dodd-Frank, really getting no relief, are the community banks.
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
Banks are slowly but surely lending again, and never again will taxpayers foot the bill for Wall Street's excesses. In case we forgot, that was the change we believed in. That was the change we fought for. That was the change President Obama delivered.
They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.
Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.
We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.
Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes, bought cars, took out student loans.