"Fears of a US credit squeeze have been growing amid mounting evidence that corporations borrowed too much during the recent boom and will have trouble paying back their debts....." http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3JEF4MWGC&live=true&tagid=ZZZZV1CYA0C&Collid=ZZZ563ECC0C "For their part, banks are facing increasing loan losses. Regulators have warned for years that the banks were embracing the loose standards of the markets, underwriting loans without sufficient collateral or proper repayment terms. Bank of America, the second-largest US banking company, has emerged as a particularly worrisome example, saying its loan write-offs this quarter would be $1.1bn-$1.2bn." --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
