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Mar 30, 2009

Comments

funkypancake

can i put in a bid to win with my 'unstable banks' sign: http://www.funkypancake.com/blog/archives/2008/09/unstable-bank.html

:-)

Mike Reed

Cheers Ben - just waiting for the phone to ring now. Funky Pancake's is pretty good too - the other side of the story, perhaps?

Dr. Florentin Fonche

What really is a credit crunch?

A credit crunch (also known as a credit squeeze or credit crisis) is a reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from the banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. In such situations, the relationship between credit availability and interest rates has implicitly changed, such that either credit becomes less available at any given official interest rate, or there ceases to be a clear relationship between interest rates and credit availability (i.e. credit rationing occurs).

We are currently facing a severe one globally.

seb

Hi, can I have your permission to use this photo?

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