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Millions of Americans are being sandbagged yet again by consequences arising from the banking crisis. For the last six months or so, lenders have been wrecking havoc on many of their customers by reducing credit limits , increasing prevailing interest rates , or both. These unilateral moves have been...
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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...