To Those Who Say Credit Is Dead: Not So Fast
Feast or famine: The easy lending that contributed to the 2007–2008 financial crisis gave way to a closing of the credit spigot to just a drip. Newly conservative lending institutions remained stingy despite massive government efforts over the past couple of years to pump liquidity into the financial system. In the end, relatively little of this capital found its way into borrowers' pockets.
Scott Wallace
July 10, 2011