I don't wish to be a bore like everyone else bashing banks, but when I keep hearing about banks reluctant to lend money to companies then it does flabbergast me somewhat.
When they lend freely during the boom times and pull the plug in the bad times it's like providing an umbrella when the sunshines and then taking it away when it starts raining... What's the point?! OK, I guess they are businesses themselves rather than just social institutions, and so have balance sheets to square and investors to keep happy, but nevertheless I think things would improve a lot quicker in the economy if they were more aware of the social responsibility they do actually have. It will never happen of course, but it is just a thought.
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