Lending Declines as Bank Jitters Persist – WSJ.com

Posted by Jason | Posted in Economics, Government | Posted on 25-11-2009

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A recovery still is looking unlikely. I’m sure glad we spent $800 billion on TARP, you know bailing out Wall Street to bail out Main Street.

By DAMIAN PALETTA

U.S. lenders saw loans fall by the largest amount since the government began tracking such data, suggesting that nervousness among banks continues to hamper economic recovery.

Total loan balances fell by $210.4 billion, or 3%, in the third quarter, the biggest decline since data collection began in 1984, according to a report released Tuesday by the Federal Deposit Insurance Corp.

via Lending Declines as Bank Jitters Persist – WSJ.com.

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