Black Swan Capital | Banks | Who Cares?

Now back to important things - feel bad for the banks ...

Let's see: Banks have the ability to lend out several times more than the amount of money they're required to have on hand. Their cost of borrowing from the Federal Reserve is miniscule. American consumers have lost buying power via consumer price rises (perhaps transitory) and a sinking US dollar. Home prices are at historic lows. The Federal Reserve has pumped massive amounts of cheap liquidity into the system. And banks are still struggling to make ends meet?         Currency Currents 22 July 2011