Why Banks Are Not Lending: FDIC Tells It Like It Is

It seems the big banks would rather be beholden to their shareholders than the people.

Instead of lending, they are paying out dividends to their shareholders, constraining the economy.

Dear Chairman Crapo and Ranking Member Brown, 

Although bank capital is a critical indicator of the health of the financial industry, it continues to be discussed in sound bites rather than substantive public debate. I write to provide an alternative perspective to recent industry statements claiming that large banks have too much capital and that their improving capital position has resulted in too little lending and a constrained economy. 

TRANSLATION:  Big banks are hustling in a niggardly fashion.

MY ALTERNATIVE TRANSLATION: Mortgage scams make money, particularly when they are well aware that the DOJ is only, if that, going to slap them on the wrist with a civil fine, that they will charge back to the people in other complex mortgage fraud, bank fee schemes.

FDIC Chairman Earnings and Loan Growth Letter to U.S. Senate Banking Committee 7-31-2017 by Beverly Tran on Scribd

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