Banks already re-capitalizing one day later!
From the New York Times today:
The problem with pay back is that the WHOLE IDEA was to increase loans to PEOPLE and to BUSINESSES!!! The economy NEEDS more investment!
Perhaps you didn't see the numbers, eh?
A day after the bank stress tests were released, two major institutions, Wells Fargo and Morgan Stanley, handily raised billions of dollars in the capital markets on Friday to satisfy new federal demands for more capital. A third, Bank of America, hastily laid out plans to sell billions of dollars in new stock.Goldman Sachs had ALREADY raised $5 billion before the tests were announced! They WANT to pay back the loans ASAP!!
The problem with pay back is that the WHOLE IDEA was to increase loans to PEOPLE and to BUSINESSES!!! The economy NEEDS more investment!
Investment was down over 51% in the first quarter!!!YIKES! Consumption may have been up in January but SO WHAT - where's the future, the investment?!!?
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