Banking mess

The other night Donald Trump was on the Letterman show and he mentioned that one of the biggest problems now is that the banks are not lending money. They went from one extreme (nearly unregulated credit) to the other and are now just sitting on the cash and until the money starts flowing again, our recession will continue. Interestingly, my financial adviser at Ameriprise Financial said the very same thing to me a few weeks ago. It is a credit problem now being created by the banks. Maybe we should have done things differently. We just gave billions to the same guys who are one of the major sources of our current financial problems.