A spokesman for Bank of America (NYSE:BAC), Charlotte (North Carolina) said: there are fewer opportunities to generate credits from high quality due to the recession. By the side of the demand for credit, it is true that the same has been reduced, but also have been heard complaints from potential plaintiffs about the increasing demands for access to new financing, as it is the case of Ernie Cambo of CPF Investment Group real estate developer who had to curb their investments for the construction of a shopping mall by the lack of financing further than the early stages. The lack of credit growth as usually occurs after multiple actions of encouragement such as those generated by the US Treasury and the Federal Reserve, has generated also multiple questions from several sectors of the political front. Is that you It has allocated a large amount of resources from the taxpayers and the expectations are not being met (or perhaps a disproportionate expectation had generated). Republican Spencer Bachus, claimed to U.S.
Treasury Secretary Timothy Geithner, the poor results obtained so far: tell me why we don’t see really that multiplier effect, with reference to the effects that were expected to have the TARP in generating a strong credit boost on the economy. For Geithner the effect of the TARP is not observed because in reality what achieved the same was not increase credit stock but avoid a collapse of the same. The reality is that beyond that the demand for credit is displayed a little shy, little demand that exists is great obstacles to access to credit. And despite understandable that these increasing demands imposed by U.S. banks may become, it is limiting the recovery of investment and consumption in the U.S. slowing down and removing force to economic recovery. While the banks show fearful to lend, those who are in a better condition to do so may take this opportunity to reset.
And these banks include the Santander (IBEX35:san;NYSE:STD), which already talked about in a previous article the Santander to conquer the world. Horacio Pozzo investment independent La history may show that the Fed had helped avoid a great depression in 2008, but the radical steps taken along the way make it more vulnerable politically than it has been in decades. During its 96-year history, the United States Federal Reserve (Fed) has been pierced by a handful of moments of transformation.The current one is one of them, this is the time that individual investors should take to achieve financial independence. Paola Pecora here tells us that more than 4000 Latin American investment options because they are taking advantage. Do not waste more time and learn to invest and become a PREMIUM investor now.