What is credit crunch ask a banker ?

Question

What is credit crunch ask a banker ?

Answer 1

banks titen rules so harder for yu tu get a lone.

Answer 2

Over-eagerness to take on debts has left us with a crash in the sub-prime mortgage market - these are basically massive bad debts that the major banks have been stung by.

http://www.thecreditcruncher.com/2008/06...

We will soon enter a recession which is also affected by rocketing prices and static incomes. The effects will probably be with us for at least two years.

http://www.thecreditcruncher.com/2008/07...