Banks Cautious On New Loans

By Associated Press
.

Getting a loan is getting harder to do. Banks Cautious On New Loans
Published: Mon, August 11, 2008 - 8:29 pm Last Updated: Mon, August 11, 2008 - 8:47 pm
The Federal Reserve says banks are even more
tight-fisted with their money, when it comes to home mortgages and
other consumer and business loans. The central bank says the
percentage of banks reporting tighter lending standards rose across
various loan types in its July survey.

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