banks

July 28th, 2008 by alephnaught

Only loan money to people that can pay it back

I found this quote in the article, “Worried Banks Sharply Reduce Business Loans,” from the NY Times today: “Mr. Epstein, forced to limit his production to what he can finance with his existing cash flow supplemented by his own money, has been tightening credit himself: He has been turning down orders from companies with any […]

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