Ok, acknowledged
The credit Crunch and the Banks
- Thread starter owen2433
- Start date
I looked this term up a while back and remember seeing an article in the NY Times back in '69 that referred to the "credit crunch". Think that was the earliest one I found.
edit: found the article I saw. Was '68 apparently... http://select.nytimes.com/gst/abstract.html?res=FB0B14FB3F54157493C4AB1789D95F4C8685F9
Also, this article in the London Times suggests it "was used in a study by America's Federal Reserve bank as far back as 1967."
http://www.timesonline.co.uk/tol/money/reader_guides/article4530072.ece
edit: found the article I saw. Was '68 apparently... http://select.nytimes.com/gst/abstract.html?res=FB0B14FB3F54157493C4AB1789D95F4C8685F9
Also, this article in the London Times suggests it "was used in a study by America's Federal Reserve bank as far back as 1967."
http://www.timesonline.co.uk/tol/money/reader_guides/article4530072.ece
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I was thinking about this at work earlier not sure how it works so if someone could enlighten me thank you in advance.
With all these banks and groups going bust, some are being bought out by the bigger ones. Surely that means that if we get a 'credit crunch' again then it will be worse than this time around? Less banks but bigger than before = worse if they go under?
With all these banks and groups going bust, some are being bought out by the bigger ones. Surely that means that if we get a 'credit crunch' again then it will be worse than this time around? Less banks but bigger than before = worse if they go under?