David Kirkpatrick

August 18, 2009

Credit crunch continues

The headline for this linked article is, “Fewer banks tightened credit standards, Fed reports.” Very misleading in terms of the reality on the ground.

Here’s the real news from the subhead:

But credit availability probably won’t return to normal before mid-2010, report says. Also, the Fed and Treasury extend the TALF emergency financing program aimed at boosting lending.

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: