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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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What is happening out there? We know that mortgage companies are closing right and left and that people are being laid off in huge numbers from those companies. Companies such as Countrywide, American Home Mortgage, Capital One and others have issued thousands of pink slips. We hear that 5.12 percent...