Banks are grabbing money from the taxpayers and do not give loans

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Banken stecken Geld vom Staat (= Steuerzahler) ein und geben keinen Kredit.

NYT (New York Times):

the dirty little secret of the banking industry is that it has no intention of using the money to make new loans. [...]

There are plenty of small and medium-size businesses that are choking because they have no access to capital — and are perfectly capable of repaying the money. [...]

I caught up with Senator Dodd, and asked him what he was going to do if the loan situation didn’t improve. “All I can tell you is that we are going to have the bankers up here, probably in another couple of weeks and we are going to have a very blunt conversation,” he replied.He continued: “If it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay.”
SOURCE.

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Eingeordnet unter English Section:, crash

Schlagwörter: banking crisis, banks, credit crisis, financial crisis, loans, Senator Dodd