Banks Are Lending More (to the Government) | Alan Reynolds | Cato Institute: Commentary

Banks Are Lending More (to the Government) | Alan Reynolds | Cato Institute: Commentary: "Talk of 'quantitative' easing makes it sound as if there will be a larger quantity of credit available to somebody somewhere. But the Fed is offering more credit only to Fannie Mae, Freddie Mac, and the U.S. Treasury."

"The next time you hear politicians or government officials complaining that banks are not lending enough to consumers or small businesses, just remind them that banks are much too busy lending tens of billions — to the U.S. government."