Banks say demand for loans is down

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The biggest recipients of the government bailout made or refinanced 23 percent fewer new loans in February than in October, the first month banks received TARP funds, according to a report in the Wall Street Journal.

Bank executives have argued that they’re not to blame for decreased lending. Demand for loans, they say, is down.

At the same time, a reduction in lending by non-bank businesses hurt or shuttered by the recession has made loans harder to get, they say.

Click here for a full article on the report.

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