December 22, 2009
|Bernanke has created the biggest Ponzi scheme in history, so he is to be rewarded. This is a world gone mad.|
Small business cannot borrow and they created 64% of new jobs in the past 15 years says the SBA. We see that figure at 75%.The fund-less FDIC reports US banks may be making money gambling with leverage using TARP funds, but bank loans fell by $210.4 billion, or 2.8% in the third quarter, the biggest drop since the FDIC started keeping records in 1984. Those same banks booked profits of $2.8 billion reversing a $4.3 billion third quarter loss. Loans to businesses fell 6.5% and those to real estate 8.1%.