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: Mortgage Lender Implode-o-Meter

So what are banks for, anyway?

By Implode-Explode Heavy Industries

"Provide funds to borrowers to help them service their loans and become more creditworthy. Obviously, with the economy still in dismal shape, borrowers are still stressed, making banks less inclined to extend credit. By the same token, the banks themselves are still in a perilous condition for the most part, so they feel the need to hoard cash, rather than extend credit. "

Full post as published by Mortgage Lender Implode-o-Meter on January 17, 2010 (boomark / email).