http://www.foxbusiness.com/story/markets/white-house-encourages-money-hoarding-banks-start-lending/
this article is pretty interesting. Banks are still not lending money. i guess they are afraid the crisis will get worse. But like the article says, "banks have to lend money to make money" A friend of my family is trying to take out a $100,000 equity line of credit on his two million dollar home right now, and the banks are not lending him the money. Seems a little fishy, but hopefully they will start helping the people and get the economy rolling again.
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