credit squeeze

What's the big deal about banks refusing to lend?

Posted September 30, 2008 - 13:15 by Philip Brewer

Personal Finance, Small Business Resource Center

Men sitting on the steps outside a bank

Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we strongly recommend that others do so as well. If getting along without debt is the way to go, why make such a big deal over a credit crunch?

full story 33 comments

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites