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Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...
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High amounts of risk taking prior to the credit crisis were likely to have dire consequences, but it has turned out to be much broader and more damaging than anything former Federal Reserve Chairman Alan Greenspan imagined. In his prepared testimony to U.S. lawmakers, the former Fed chairman called the...