Thursday, July 1st, 2010
What if the latest rates cut does nothing to unfreeze the credit markets?
Tuco asked:
seriously, rates were already at 1% and banks still maintained strict lending rules? what difference will the rates cut mean if only a small percentage of the population is deemed credit worthy?
seriously, rates were already at 1% and banks still maintained strict lending rules? what difference will the rates cut mean if only a small percentage of the population is deemed credit worthy?
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July 3rd, 2010 at 11:09 pm
They are doing what should have been done months ago. They are “behind the curve”.