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January 30, 2008

All Business: How bad is lending market? Stay tuned

  • Different pieces of lending data present different views — so the glass can easily look half empty or half full.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — If recessions could have a sound, it would be the slam! of lending windows shutting at banks. No wonder: when businesses and consumers have trouble borrowing money, economic growth may grind to a halt.

    Whether that is happening now is one of the more interesting questions we face in judging just how much the mortgage and credit crisis is harming the overall economy.


     
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