ive been thinking here, over the last 2 years they aren't giving out money to anyone, but yet, i'd imagine 70% of business loans, private mortigages are been paid back, they must have alot of money now in "the bank", while paying out no new loans
ive been thinking here, over the last 2 years they aren't giving out money to anyone, but yet, i'd imagine 70% of business loans, private mortigages are been paid back, they must have alot of money now in "the bank", while paying out no new loans
Yes indeed, you need to look at both side of the balance sheet. The big problem is that they borrewed short-term to lend long-term, and are now in a situation where thier borrowing costs exceed lending costs, e.g. with Tracker Mortgages.
Banks' are still in dire condition.