Home › Forums › Housing › Effect of the election on the housing market › Banks are insolvent and hence
Banks are insolvent and hence the cash hoarding. Wells Fargo has 75 cents of every dollar in bad debt:
http://www.housingwire.com/2010/10/22/jpmorgan-wells-fargo-and-bofa-each-hold-more-than-20-billion-in-foreclosures
Regarding the regime change, how quickly everyone forgets that the biggest deficits were under Republicans, and that Wall Street deregulation policies led us directly to dangerous speculation, Bear Stearns, Lehman Brothers, and TARP.
