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To: Sammy67

bump for later


2 posted on 12/17/2008 8:51:00 PM PST by panaxanax ("Those who beat their swords into plowshares will plow for those that don't." T.Jefferson)
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To: panaxanax

I think this report is somewhat constrained by not waiting long enough to see what the data show. The current data from the time would not show that credit was being withdrawn for new extension of credit. I personally know of several examples where banks have withdrawn credit for credit-worthy borrowers and have caused unnecessary bankrtupcies of small businesses. It’s still going on. Celent was just looking for headlines.


29 posted on 12/18/2008 5:27:21 AM PST by WashingtonSource
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