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Most banks still tightening credit standards

Tuesday, February 03,2009 09:54 AM

While some banks are reporting slower demand for credit, I'm not convinced that's what's going on. In fact, I heard on NPR this morning that banks are not only tightening lending standards, they aren't even lending to people and businesses who meet those super tough standards. Is it just me or does it look like the banks are taking the bailout money and stuffing it in their own mattresses? I'm pretty sure that's not what TARP was supposed to do... Read on and let me know what you think. And tell us how the credit crunch is affecting your business! Full article at http://www.marketwatch.com/news/story/most-banks-still-tightening-credit/story.aspx?guid={74FDCA6E-4283-4224-8E20-6FF21E34C39D}