Sunday, May 18, 2008
Credit Crunch Over????
So what next?? The central bans are pumping money in and banks now have cash ... and are making profits from oil etc etc. Is this it now then - what of all the govt debt. My next door neighbour is an ex bank manager for Barclays and now an IFA for SME's, he says that this was only a liquidity problem and the bank bailout was right. He says now back to business and the credit boom can carry on???