obviously. the banks just want to charge higher interest rates, which they should. i would too given the debt load of the average consumer or company.
what this boils down to is the govt legislating low interest rates. they can't. even lowering the fed rate won't stop the rise in intrabank and consumer interest rates
Good point, although I think it was disingenuous of the author not to mention that interest rates are higher. I think that is clearly another type of "tightening."
what this boils down to is the govt legislating low interest rates. they can't. even lowering the fed rate won't stop the rise in intrabank and consumer interest rates