MB360: Commercial bank deposits hit $9 trillion...

... so why aren't banks lending to businesses and consumers?  And how is the Fed's continued zero-interest rate policy supposed to change things if, combined with the bailouts, it hasn't already?  

Says MB360:  "Banks have the means and ability to lend if they only had the desire to do so.  In spite of the US public bailing out the entire banking edifice, they have little faith in the American public."

Zero effective policy and stalling QE3 – Why QE3 will have little financial impact if implemented. Deposits at US commercial banks quickly approaches $9 trillion.

August 28, 2012 | My Budget 360

URL:  http://www.mybudget360.com/qe3-quantitative-easing-3-federal-reserve-total-banking-deposits-zero-interest-policy/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+mybudget360%2FQePx+%28My+Budget+360%29