What people don’t realize here is that 2/3 of the credit market availability comes from the secondary markets not banks….this is what is so funny about this trying to get the banks to get the credit markets going again…it’s a joke….will never happen…
Hedge Funds, Private Equity, Pension Funds, Insurance Companies, etc. make up the majority of lending in America and you know what, they just got bent over so bad that you can forget about them opening up their pockets until this shit gets straightened out sopranos style…trust me on this….
Banks sold them garbage loans and they lost trillions and they are not happy….game over my friends unless the government prints 20 to 30 trillion more to lend….
