Banks start to make loans

Banks start to make loans

"Despite all the bleak economic news, a funny thing has been happening in the financial industry in the past few months: the banks have quietly turned on the lending spigot" quoted from the NY Times 10/18/2011. What does this mean? It means the bleak economic data and doom and gloom is not all its cracked up to be. "The narrative that banks aren't lending is incorrect" said Timothy J. Sloan, Wells Fargo CIO.  The message is simple. Dont beleive everything you read and or hear. Be guided by whats right for you!


Andy Walker Headshot
Author:
Phone: 201-424-8628
Dated: October 18th 2011
Views: 934
About Andy: Having lived in New Jersey for over 20 years, I have been a top producing Realtor and member of the ...

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