World Politics Central

Banks were sent billions of dollars from the Economic Stimulus bill that was supposed to fund their lending activities allowing commerce to progress at it’s normal pace. The problem is that of those banks that have managed to survive the initial onslaught of the recession and who received some funds from the government, they have seemingly been so traumatized they are very cautious with their lending activities even with initial promise that they wouldn’t do so. Well the government has had enough of this over-cautious nature for the funds these banks received were tax-payer dollars, the very people they are not lending to.
He says the funds banks received was to bolster them enough to keep continuing sending cash out to those who needed them, but the banks reacted obverse as soon as the funds came, holding them back and even with some sending the said cash down into the pockets of their executives. The time is now and they have to start releasing the cash the government released for the public good and their greedy ways are to be stemmed, even penalized should they choose not to follow the government’s mandate. Many banks collapsed as Wall Street fell into ruin so their cautious attitude is founded on experience. But their over-cautiousness is the problem, the problem that is keeping cash that should be smoothly flowing out and then back into the economy, the conditions of the economic stimulus bill.