Interest rate spreads. Libor. Collateralized debt obligations.
Unless you're fluent in the language of high finance, it's tough to make heads or tails of all the terms being tossed around in the headlines lately.
Simply put, the meltdown on Wall Street has made it tough for many Americans to get a loan to buy a home, purchase a car, start a business or even send a kid to college.
And with all the talk of a credit crunch -- some are even calling it a credit freeze -- it may get even tougher.
But instead of relying on arcane numbers to show that banks are more reluctant to lend to you and me, as well as to each other, we decided to speak to banking executives and have them explain how their lending standards have changed.
Source
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment