Banks and Energy

Posted: February 4, 2008 at 3:52 pm by Chuck

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.’ I wonder what constitutes ‘reasonable?’