(…Via Pragmatic Capitalist)
President Obama, it’s not that the banks don’t want to lend and are purposely thwarting our recovery, lord knows they already have bad enough press these days. The problem is that they straight up can’t lend. All the debt that they say is good on their books is only a lie made possible by changing the law to accommodate them. They know the debt is not good and their knowing it is reflected by the contracting credit despite billions in bailout money.