Wednesday, February 24, 2010

Not a Bright Outlook for Bank Lending

I saw the same feature in today's WSJ, but wasn't sure where to begin so thankfully the US Chamber did it for me here. How would you like to be a bank of any considerable size today? Talk about uncertainty with the Administration seemingly making it a daily habit of sending mixed messages. Worse yet, how would you like to be one of those banks lobbyists who convinced their PACs to donate millions to support this Administration? Quick analysis is that once again, cash is king, but perhaps in 2010 it might also be pharoah, emperor, and supreme master of the universe.

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