Banks Not Lending? Blame the Shorts!

Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.So says today’s New York Times, and they back it up with some pretty gory detail.Drew Greenblatt, president of Marlin Steel Wire Products, figured it would be easy to get a $300,000 bank loan to finance a new robot for his factory in Baltimore. His company, which makes parts for makers of home appliances, is growing and profitable, he said. His expansion would add three new jobs to an economy hungry for work….
Original Source: jeffmatthewsisnotmakingthisup.blogspot.com

  28 July, 2008| Fundamental Analysis | @ 6:17

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