Buddy, Can You Borrow A Dime?John Meehan
Commercial banks by the thousands these days are reeling from billions of dollars worth of bad real estate and corporate loans. Yet for most of them, there has been a heartening bright spot: retail customers. Excluding mortgages, consumer lending, which jumped 30% between 1985 and 1989, to $400 billion, has been a cash cow that has offset the bleak profusion of write-downs and write-offs.
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