[IsaacW]

My presentation of a list of steps was certainly tongue-in-cheek, but what I'm really trying to get at is that there is no "right" amount of loan activity that can be determined by anyone before the fact. The right amount of loans, just like the right amount of wheat to grow, oil to pump, or toothpaste to produce, is the amount that get done voluntarily. If people are unwilling to lend their money, why is it good to artificially induce them to do so by pumping cash into the market?