Banks have the cash

Story link: Banks have the cash

The key behind stabilizing the economy is for banks to the start lending to businesses and the sub prime lending sector again.
The banks are the only outfit in the economy that have or have access to enough cash to create some kind of cash flow in the economy; but so far, they don’t seem willing to help.

Banks have the cash

The job losses are stacking up across the world.
According to The Times, about 70,000 jobs went globally yesterday. Most of the cuts were in the US - construction equipment maker Caterpillar is cutting 20,000 jobs, while mobile phone operator Sprint Nextel is cutting 8,000 posts.