In response to:

Can Bernanke Force Banks to Lend?

Tchaikovsky Wrote: Jul 14, 2012 12:01 PM
The feds can't FORCE the banks to do anything nor did that ever happen. Banks are just to greedy and so they respond like a Pavlovian dog to the smell of money being withheld. It all comes down to finding your spine and telling these POS's to take a hike...
Scott853 Wrote: Jul 14, 2012 5:32 PM
Actually the government forces banks to do a lot of things; for instance, anything SEC regulates. Please stop making such sweeping, yet untrue, statements. Now the question is, could the government force banks to lend money to uncreditworthy borrowers? Maybe they didn't use a gun, but they could certainly put pressure on them in other ways, by using the SEC and Treasury dept., to make it worth their while. ...or wile..(:-)) Perhaps the government couldn't force them to do it, but they certainly could use regulatory action, audits or the threat thereof, to put pressure on the banks to do the federal government's bidding.

Several readers have ask me to comment on a King World interview of Michael Pento.

Before I offer my comments on Pento's thoughts, let me say upfront that Eric King is a world-class interviewer. King lets his interviewees have their say, no matter what it is.

It is up to listeners to decide whether the message makes any sense or not. King merely wants the position to be well stated.

Email Request From US

Hello Mish:

Have you listened to Mike Pento's scenario where the FED will cease to pay interest on reserves held at the FED, as a result, forcing...
Related Tags: banks