This November 2009...Mr. Christopher Whalen, managing director of Institutional Risk Analytics..." that despite government subsidies, banks like GMAC and Citigroup Inc. still are too troubled to extend credit and support an economic recovery." "These are zombies and they can't make loans," he said. "None of this is helping the real economy."
Obama's administrations bank test "envisioned unemployment reaching 8.9 percent this year well they were wrong it is 10.2 percent...and some states have a much higher rate"
But don't be to scared the majority of the big banks were able to raise enough cash to cover their butts. Also other banks have consolidated/merged to come out stronger. So why are real estate loans so hard to get? Do remember this not all loans need to come from a bank!