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credit crunch

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Skating On A Frozen (Credit) Pond

by Richard Warren | October 6, 2008

The credit markets have been so frozen that the Government felt that they had to step in with the recently enacted $700 Billion bailout. The freeze that started with subprime mortgage loans had spread to prime mortgages, auto loans, credit cards and other consumer loans. The entire economy was teetering on the brink of collapse. [...]

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