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August 15, 2007

All Business: Loans harder to get, for homes, businesses

  • Things have gotten much more complicated for the financial world now that lenders everywhere are tightening their borrowing standards.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — So this is what they mean by a credit crunch.

    For months, there has been lots of talk about what a global debt squeeze could look like, but plenty of market commentators and economists said we weren't there yet. Don't worry, they said, you'll know when you see it.


     
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