Over a month since I last wrote on this subject, and government and businesses are becoming increasingly desperate and concerned over the failure of banks to lend money, (which after all is what they’re in business for), and stimulate the economy. Now that the UK government (along with other countries) has guaranteed the balance sheets of [...]
Posts Tagged ‘banking’
Bank lending – a solution?
Posted in Economics & Finance, tagged banking, economy, interest, lending on November 30, 2008 | 3 Comments »
The global banking crisis.
Posted in Economics & Finance, tagged banking, borrowing, crisis, debt, interest, solution on October 24, 2008 | Leave a Comment »
Seemingly the problem now is not one of capital but one of liquidity. Apparently the banks are not behaving like banks should. They are not lending money to one another and the whole cyclical system of revolving credit, debt, and repayment is all but frozen.
So how about this suggestion to get things moving. Instead of [...]
