On Nov 4, 2011, at 2:35 PM, 123hop at comcast.net wrote:
> I doubt they're just holding on to the money. They make car loans and house loans, but people's willingness/ability to borrow is limited by how leveraged they already are and by the employment situation. If nobody is applying for a loan and if you are forbidden by law to speculate (a good thing), what can you do but hold on to the money?
By "hold onto the money," though there are no details in the call reports, I'm guessing they buy Treasury and mortgage bonds and such.
Doug