Credit Crunch Tsunami Hits Land
Cars, houses, and now jobs are at risk
The big news this week is the credit crunch tsunami launched by last month’s bank panics is now hitting land, with buildings collapsing in car loans, housing, and business loans.
The recession signals are turning into sirens.
Car Lenders Pulling Out
The latest is that banks are cutting off loans and credit to car dealerships. Capital One, one of the bigge…
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