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| Subject: US Bank Lending Falls at Fastest Rate in History Fri Feb 19, 2010 5:38 am | |
| Figures spark renewed fears that feds are at a loss
The US bank lending rate has fallen its fastest in history, sparking renewed fears that the government hasn't done enough to prop up the economy and that America's troubles are far from over. Lending has plummeted $100 billion just since January, which amounts to a 16% annualized drop. Some $740 billion of bank credit has evaporated since the credit crisis began, a record drop of 10%, reports the Telegraph.
http://www.telegraph.co.uk/finance/economics/7259323/US-bank-lending-falls-at-fastest-rate-in-history.html |
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