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Credit crunch craziness

August 11, 2008 | alternatives, industry | Comments (0)

The Payday Pundit must come to the defense of banks.  When banks were overly cautious in making loans, they were accused of “redlining” and “discrimination” and all sorts of things.   When they loosened credit, after the browbeating of interest groups and government, they’re were accused of being criminally irresponsible.   As this article points out, we’re back to credit squeeze.

How long before people start complaining and the banks are forced to loosen their rules again?  The Payday Pundit’s prediction?  One more year.

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