Roughly two-thirds of the money the Fed pumped into the banking system to ease a credit crunch has never been lent out, but stayed with the banks. Photo: AFP
Roughly two-thirds of the money the Fed pumped into the banking system to ease a credit crunch has never been lent out, but stayed with the banks. Photo: AFP

Time to taper? Not if you look at bank loans

Roughly two-thirds of the money the Fed pumped into the banking system to ease a credit crunch has never been lent out, but stayed with the banks. Photo: AFP
Roughly two-thirds of the money the Fed pumped into the banking system to ease a credit crunch has never been lent out, but stayed with the banks. Photo: AFP
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