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Banks to layoff 80,000 within next 18 months

By lars2923 On September 8, 2010 Under Reports

Are these the same banks that received TARP? The same banks that have reduced loaning to an all time low? They are not producing money because they are hording what they get and not investing it. they hor due to the new stimlus package that requires banks to hold a much larger reserve and that is exactly what they are doing, banking a larger reserve. This will look good on the balance sheet the next year or two due to larger reserves, (like money in the bank) and reduced workforce (reduced expenses) will lead to larger profits, on paper but once all this catches up and they find all the write offs and dedictions are now gone, where is the income? Where will the bank be making money, not just saving alarge pools of money?

Larry

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