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Worried Banks Sharply Reduce Business Loans - NYTimes.com
 
Published by kidmercuryblog
07-28-2008

Worried Banks Sharply Reduce Business Loans - NYTimes.com

The money supply is going to get tightened, one way or another. I would recommend getting as much low interest credit as possible, as this credit can then be sold or used as needed. In a depression, everyone becomes a banker. -- KM

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Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.

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banks, collapse, money supply

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