Banks Should Open Up

It's critical to have our major banks lending,Mr.Paulson stated.They can't be hoarding capital.Were it not for the actions by the Federal Reserve and Federal Deposit Insurance Corporation taken to date,lending would be even less than it is today.Most people say the banks aren't lending enough.Although we don't want to nationalize our banking system,you're gonna continue to see us do more to encourage banks to lend more.Regardless of what you do,banks are not gonna lend as much as you would like.That's what banks do in such conditions,Mr.Paulson admitted.