{"id":75475,"date":"2009-12-10T22:44:00","date_gmt":"2009-12-11T03:44:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/henry-blodget-remember-how-we-bailed-out-the-banks-so-they-could-keep-lending-2009-12"},"modified":"2009-12-10T22:44:00","modified_gmt":"2009-12-11T03:44:00","slug":"remember-how-we-bailed-out-the-banks-so-they-could-keep-lending","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/75475","title":{"rendered":"Remember How We Bailed Out The Banks So They Could Keep Lending?"},"content":{"rendered":"<p>They missed that part:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b21bfa70000000000635957&amp;maxX=620&amp;maxY=453\" border=\"0\" alt=\"Private Financial Sector Net Lending\" width=\"620\" height=\"453\" \/><\/p>\n<p><a href=\"http:\/\/www.northerntrust.com\/pws\/jsp\/display2.jsp?XML=pages\/nt\/0601\/1138283678319_6.xml&amp;TYPE=interior&amp;dc=30\">Asha Bangalore, Northern Trust:<\/a><\/p>\n<p style=\"padding-left: 30px;\">The private sector is unwilling to lend and the credit crunch persists.&nbsp; In the third quarter, net <br \/>private sector lending fell $2.3 trillion, after significant declines in the first and second quarters <br \/>(see chart 1).&nbsp; On an annual basis, the reduction in lending in 2009 will make the history books <br \/>without doubt as the first drop in net lending in the private financial sector.&nbsp; <strong>This financial sector <br \/>setback justifies expectations of a subdued economic recovery.&nbsp;&nbsp; <br \/><\/strong><br \/>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-remember-how-we-bailed-out-the-banks-so-they-could-keep-lending-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-how-to-make-the-worlds-easiest-10-billion-2009-12\">How To Make The World&#8217;s Easiest $1 Billion<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-now-let-us-admire-the-clever-way-in-which-bank-of-america-has-screwed-taxpayers-again-2009-12\">Now Let Us Admire The Clever Way In Which Bank Of America Has Screwed Taxpayers Again (BAC)<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/tF1_WepDjUk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>They missed that part: Asha Bangalore, Northern Trust: The private sector is unwilling to lend and the credit crunch persists.&nbsp; In the third quarter, net private sector lending fell $2.3 trillion, after significant declines in the first and second quarters (see chart 1).&nbsp; On an annual basis, the reduction in lending in 2009 will make [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-75475","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/75475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=75475"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/75475\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=75475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=75475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=75475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}