It Takes A Worried Bank
"HK" wrote in message
...
July 28, 2008
Worried Banks Sharply Reduce Business Loans
By PETER S. GOODMAN
NY Times
..
Financial industry executives say tighter credit from major banks
represents a swing back to a realistic assessment of risk, after years of
handing out money with abandon. Those practices produced a mortgage crisis
whose losses could reach $1 trillion, by many estimates.
This is all you needed to quote. History repeats itself. Hang on folks.
We'll be taking it in the shorts again, to bail them out.
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