Consumer credit remains frozen, even at banks flush with bailout funds
(NEWSER) - Though US taxpayers own $172.5 billion of shares and warrants in 208 financial institutions, most of them still can’t get a loan. Interbank lending rates have fallen since TARP funds have been paid out, but consumer lending remains tight and average credit card rates are virtually unchanged from October 2007, Bloomberg reports. "If you’re taking money from the public purse, we should get something in return, and we’re really not,” says an econ professor. More»
