Jumping Into The Credit GapsMike Mcnamee
It's as if the bank loan officer has become an endangered species. Banks across the U.S. have been sharply reducing their business lending. Ask bankers why, and you'll get a long song of woe: Customers are shedding debt. The slow economy has squelched borrowers' confidence. Regulators are peering over bankers' shoulders to ensure that they make only risk-free loans.
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