07.28
A loans scare tactic by the bankers?
0 Comments | Evening Standard; London (UK), Jul 15, 2010 | by Anthony Hilton
THE knee-jerk reaction from bankers to almost any proposed increase in regulation is to say it will make it harder to lend.
If they are made to hold more capital, they will have less money to lend. If they are obliged to apply less leverage, they will have less money to lend. If government aid is withdrawn too quickly, they will have less money to lend. And just in case we don’t understand the threat, they spell out how being forced to starve small businesses of credit will inevitably damage economic growth.
Their message is that the more constraints we put on them, the less they will be able to meet the needs of the economy
how to make quick money
No Comment.
Add Your Comment