Banks to Get Gov't Cash This Week

The Treasury confirmed this morning that they will begin to disperse billion to US banks this week. Big banks like Citi (C), JP Morgan (JPM), Well Fargo (WFC), and Bank of America (BAC), former brokers like Morgan Stanley (MS) and reional baks like PNC (PNC) financial are all lined up to recieve their allowance.

Now, the question begs, will they loan it or will they keep it and buy other banks.


They are not going to loan it. What they will do is keep it to be sure their balalce sheets remain strong and possible acquire other banks. Either way, as long as it leads to a stronger banking system, who cares what they do.  The last thing American's need is more loans...isn't that what got us here?