Nutshell

The Daily Reckoning people are right wing liberationist cranks. But their site is a good source of economic data. They sum up the bailouts well, "For their part, the banks are grabbing all the Fed cash they can – and socking it away. They don’t lend it out...because they’re afraid it might not come back. And they need it to remain solvent. But if banks don’t lend, it defeats the whole purpose of giving them money. "

Exactly................