Monday, May 18, 2009
Interbank Lending Rates Fall Again
Once again, the interbank lending rates have fallen again and once again, the problem is not the cost of lending...the problem is that banks are afraid that they won't be able to get their money back. Also, banks can't find investors to buy the debt for exactly the same reason banks don't want to lend--stagnant wages.
Posted by John L. Feier at 11:54 AM