8/11/08

Fed: No More Loans?

article: Fed says banks broadly tighten US loan standards

WASHINGTON (Reuters) - Banks in the United States further tightened lending standards in all major categories, especially for consumer loans, in the past three months amid a weakening economic outlook, according to a Federal Reserve survey released on Monday.

"It clearly is going to be difficult to get a loan. The Fed cutting rates doesn't help a lot when you can't get a lender to make a loan," said Gary Thayer, senior economist at Wachovia Securities in St. Louis.
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Banks failing...no loans going out...martial law being "marketed" to the public in a few test markets/cities...connecting the dots?
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compare: America: shutting it down
(quoted comment): "The time is fast approaching, and is even now begun, for the drastic steps that must be taken to accomplish the transformation of this country and the subjection of it's people to the 'New Babylonian' global kingdom." (aka the city of 666)

There is no other explanation....

also: "The Fed and it's global counterparts"
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'Seek ye the LORD while he may be found, call ye upon him while he is near: Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, and he will have mercy upon him; and to our God, for he will abundantly pardon.' Isaiah 55:6-7

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