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Banks Are Hoarding So Much Cash That You Could Cut It In Half, And It Would Still Be Way Too Much

By Implode-Explode Heavy Industries

" Yet this graphic from the Economist Intelligence Unit to the right shows just how much cash banks have been holding in relation to their loans. The spike shown is obviously a function of both cash being kept and a reduction of loans outstanding. Note how it has jumped to a higher level than even during the 1970's."

Full post as published by Mortgage Lender Implode-o-Meter on February 18, 2010 (boomark / email).