Wednesday, October 8, 2008

Banks Shut Off Loans in August

The LAST BRIEF on the rundown!! Surprised, readers (I'm not)?

"Borrowing fell in August as banks cut back lending

Borrowing by US consumers unexpectedly fell in August by the most on record as banks shut off access to loans, a report from the Federal Reserve showed (Bloomberg)."

Yeah, WE KNOW!

U.S. Banks Driving Credit Crunch ON PURPOSE!!

Bush Administration Created Credit Crunch Crisis