We need banks to lend so that...

...we can get out of this recession. So, this excerpt about Libor is very encouraging:

Dollar LIBOR/OIS 3-month spreads on Wednesday were at their lowest level since June 16, as the grind tighter continued. Sterling spreads also narrowed again, although they are yet to get back to the levels seen prior to the demise of Lehman Brothers in mid September last year.