How much of that spike is because of all the business loans that were written off as bad debt, or bought as toxic debt in the financial bailout?
What does the author suggest the banks should do with the cash? Give it back to the government? Pass it out in the form of more bad loans?
Exactly. Banks are hoarding cash because of the non-performing loans on their books and it is an easy guaranteed profit borrowing from the Federal Reserve at zero and buying Treasuries earning 3%.
That is exactly what they are doing. Just another shell game at the taxpayer's expense. Oh, and at the expense of qualified people who want to borrow money, which is what banks are supposedly for.
How does the spike reflect the sharp decline in entrepreneurial activity as a result of the Dems Socialist agenda? In other words, who would want to borrow money in this climate? (Other than an already failing business.)