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Credit Relief Flows Slowly—When It Flows at All

Consumer aid package won't budge pickier banks

By Ambreen Ali, Newser User

Posted Nov 27, 2008 10:14 AM CST

(Newser) – With hundreds of billions of dollars pumping into the calcified credit markets, many struggling Americans are expecting to see some relief, but many will be disappointed, the New York Times reports. Banks continue to stiffen loan eligibility requirements even as strapped consumers face deteriorating credit... Read full story »

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Credit Relief Flows Slowly—When It Flows at All

Consumer aid package won't budge pickier banks

consumer • Federal Reserve • home loans • mortgage backed securities • lending practices • bailout • banks • financial crisis

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More Newser Stories

US Pushes Banks for More Lending, Less Spending

Officials drafting guidelines to encourage banks to loan their bailout cash

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Geithner, Paulson face grilling over 'backdoor bailouts' for AIG clients

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Bank of America Ready to Repay $20B in Bailout Cash

But bank haggles with Treasury, Fed over fee for loss-sharing deal

Bernanke's Next Challenge: Undoing His Own Work

Rate cuts, other moves must eventually be reversed

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