Just for your consideration:
US Fed’s Quarterly Survey of Loan Officers: 55% of domestic banks tightened lending standards
- 85% of those originating nontraditional home loans tightened lending standards.
- 60% of domestic banks saw demand for prime home loans, tightened lending standards for home equity lines of credit.
- 1/3 of domestic banks tightened lending standards for business.
- Notes most banks see deterioration in loan quality in 2008.
Energy Secretary Bodman says US will buy reserve oil if it ‘reasonably priced.’Â I wonder what constitutes ‘reasonable?’
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