Quote:
Originally Posted by tony404
credit is frozen that was the point of giving them all that money. they arent using it to lend they are just holding on to it.
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It made sure the banks where capitalized well enough to avoid more failures and panic among creditors, like after the Lehman collapse.
Credit is starting to "unfreeze", mortgage rates are dropping :
http://www.nytimes.com/2008/12/04/bu...?ref=yourmoney