Wednesday, November 5, 2008
Seniore Loan Office survey as of Nov 3rd 08
--83.6% of banks tightened their standards to lend money
--it is a historical high since 1990
--the implication is that credit will be still be tight though Centeral banks injected unprecedent $3tril dollar to financial systems.
http://www.federalreserve.gov/boarddocs/SnLoanSurvey/200811/chartdata.htm
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