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In response to
"�What we need from the media is more skepticism and more engagement. Too frequently statements are taken at face value. Also, most journalists are "
by
Loyola
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As someone who works in the credit field I will say that my anecdotal experience supports the view that the credit markets had locked up.
Posted by
pmb (aka pmb)
Dec 15 '08, 14:30
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There was very little lending getting done and most that was was in the lower end of the middle market. I'm not sure that the intervention was exactly the right response, but the arguments that they made rang true to my experience.
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Responses:
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