When the article says, “Commercial bank lending dropped nearly $105 billion in the two weeks ended March 29, the most in Federal Reserve data back to 1973,” and later also notes that banks “divested” themselves of billions of dollars in loans, where is the money going?
Are they selling the loans off their books to third parties? Or are they just refusing to make new loans that they would have otherwise consistently made?
Are they selling the loans off their books to third parties? Or are they just refusing to make new loans that they would have otherwise consistently made?