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Bernanke urges more action as credit tightens
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MarketWatch reports that banks in the US have tightened loan standards. Consumers and businesses found it harder to borrow money over the past three months, the Federal Reserve reported Monday, a sign that the historic credit crunch now ... |
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The Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis. |
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