No One Told Bernanke He Has to Turn off the Free Money Faucet First
Bernanke is still out there trying his ass off to get the banks to actually loan money instead of buying Treasurys with his Fed's free money. Good luck with that, dude. (Might I humbly suggest turning off the spigot first, then trying to convince them to loan money?)
Our message is clear: Consistent with maintaining appropriately prudent standards, lenders should do all they can to meet the needs of creditworthy borrowers. Doing so is good for the borrower, good for the lender, and good for our economy. To ensure that this message is being heard and acted upon, we have conducted extensive training programs for our bank examiners as well as outreach with bankers, and we will continue to seek feedback from bankers and borrowers.
I wonder how often "Can we please get some more easy money?" is included in that feedback?