Comments on: Debt-funded Growth http://admin.returnofthegreatdepression.com/2009/10/debt-funded-growth/ The Return Of The Great Depression Thu, 25 Mar 2010 02:04:12 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: tz http://admin.returnofthegreatdepression.com/2009/10/debt-funded-growth/comment-page-1/#comment-111 tz Wed, 28 Oct 2009 05:57:23 +0000 http://admin.returnofthegreatdepression.com/?p=8241#comment-111 <i>This is why “getting the banks lending” has been the foremost priority of the monetary authorities in the USA, UK, and other countries.</i> Chase chased away many people by raising fees earlier this year http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html, and of course you have seen Citi is raising everyone's rate to 30%. The system has been updated to be more usurer friendly. And what you hear starting to pop are the rest of the option-arms resetting, and commercial real-estate going poof. Back in 1930 Hoover also called the captains of industry in and told them not to downsize. They went home and downsized anyway. They might be telling the banks to lend now, but the banks are trying to do everything to avoid doing actually lending. This is why “getting the banks lending” has been the foremost priority of the monetary authorities in the USA, UK, and other countries.

Chase chased away many people by raising fees earlier this year http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html, and of course you have seen Citi is raising everyone’s rate to 30%.

The system has been updated to be more usurer friendly.

And what you hear starting to pop are the rest of the option-arms resetting, and commercial real-estate going poof.

Back in 1930 Hoover also called the captains of industry in and told them not to downsize. They went home and downsized anyway. They might be
telling the banks to lend now, but the banks are trying to do everything to avoid doing actually lending.

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