Thursday, January 29, 2009

Good summary of economic situation

It's a challenge to find a concise summary of what's going on; this isn't a bad one. Ignore the (insert adjective here) quote at the end and add in that it was the federal government crowding out private banks from the non-subprime market, not the general "eagerness" of "some banks."

Ceteris paribus, is anyone "eager" in any industry to deal with customers that are credit risks?

1 comment:

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