2008 Credit Crisis

Getting banks lending again

Date: 
July 24, 2012
Associated Persons: 
Steve Stanek
Hit?: 
No
Web Only?: 
No

Alan Blinder's proposal to prompt banks into more lending could work, and that's the problem. A flood of easy lending caused a credit boom that ended in a housing bust.

Number of Contacts: 
1

The recent Federal Reserve announcement that the Great Recession caused median family net worth in the U.S.

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