Loan Liars

This note came in from a subscriber tonight.

Today’s RFWS was absolutely outstanding. (I’m glad I actually watched this one rather than just listening while running.) When it comes to financial journalism, Lee, you remain an island of sanity in a huge sea of crap. Thanks.

Bob

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No, this isn’t about liar loans. It’s about the liars in the financial “news” media who twist the facts to suit whatever their point happens to be that day. Here are the facts about bank lending in the US. It’s anything but “soft.” The credit bubble has grown to unprecedented proportions. It is even bigger today than in 2007. If that was dangerous, what’s this?

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