Washington Tells Banks to Start Lending!

While many banks have been happy to accept billions of dollars in government bailout money, it seems they are hoarding all that cash and still not making loans. Well, the White House is telling them to get on the ball as loaning money is, after all, the primary purpose of a bank. One concern is that banks may start using the bailout money for purposes other than lending. Tisk tisk… Hopefully with this gentle push from Washington, banks will get back to what they are supposed to be doing – lending money to the people who need it to buy homes!