HI Everyone,
Why are the banks not lending now that things are better?
One of the greatest bottlenecks and frustrations in the
economy now is the banks not lending. A Congressman from
IL states companies in his state with orders on their books
cannot get funding to produce the products to fill the order!
This is nuts!
The issue is, why?
What has scared them into holding onto all the capital they
have and lending much less than before? Even after they
have paid back TARP money? Why would they give up the
additional profits from lending?
The underlying reason is Obama's use of Old Power attached
to TARP funds. Obama is assuming he has the right to expand the right
of the Federal government to control banks even after they have paid back TARP funds. This would frighten any industry. Old Power always scares people into self-protective choices even if those choices are not the most profitable!
Banks are no exception. They are in survival mode like many other industries
and small businesses. Until this changes, they will not lend, which will
continue to slow/dampen our economic recovery.
Our banks are at the core of our economy. As long as they do not feel
safe to lend, the rest of us business owners and leaders won't feel
safe to expand. Trust is everything.
Dr. Linne
Leadership power futurist, Fortune 10, 50, 100 Consultant
Economist, behavioral scientist, pioneer of positive strengths-based leadership
"Build on Your Best"
Giving you the power to predict, profit, & protect
Dr. Linne Bourget M.A. M.B.A. Ph. D
www.oldpowernewpower.com www.whatyousayiswhatyouget.com
Founder/CEO 480-767-1717
Institute for Transformation Leaders& Consultants
Strategist, Consultant, Speaker, Author of From Old Power to New Power – Which Leaders Will Survive?
Co-author with Mark Victor Hansen, Deepak Chopra, Amazon #1Bestseller, Wake Up, Live the Life You Love - Finding Personal Freedom
Author, What You Say Is What You Get® Series:
The Secret Language of Great Business Results
Dr. Linne's Leadership Guides Series
Positive Quotient PQ® Questionnaire
Appreciative Quotient AQ® Questionnaire
Secrets of Powerful Appreciation for Parents and Children, 2 CD Audio by "Dr. Appreciation"
Appreciation: The Secret Key to Magical Marriage
Coming soon!! Power Course on Intuition for Business Leaders!
"The greatest challenge is taking complete responsibility for your own greatness."
Dr. Linne
Copyright 2005-2010. All Rights Reserved.
Dr. Linne Bourget, M.A., M.B.A., Ph.D.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment