Monday, January 26, 2009

Wall Street Journal Catches up to Populus Vox

Lead article in today's Wall Street Journal:  Banks are NOT LENDING, holding on to TARP funds.  Of course, we have known that for weeks.  Back on 1/16/09 & 12/22/08 I posted reviews of the banking system excess reserves, which let all who read know that solvency was the main concern of the financial intermediaries.

1 comment:

MK said...

Latest weekly update from the Fed:

Required Reserves: $57.483 billion
Total Reserves: $900.991 billion

$15.67 to $1.00 ratio