New Gov’t Plan: Make credit more accessible to shaken consumers who aren’t sure they want more debt
Source: Bloomberg.com
The Federal Reserve’s new $800 billion effort to combat the financial crisis is designed to make credit more accessible to shaken consumers who aren’t sure they want more debt.
Households and lenders may not respond much because of the wealth destruction from plunging property and stock values, and the deepening economic slump, economists say. [...]
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