Quote:
Originally Posted by ajhaveri
What we are facing right now however, i.e. the credit crunch, is much more severe. Banks and Investment banks made reckless loans to individuals, made private equity deals that were simply insane, and are now suffering for it.
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Too true. And it's also down to the individuals in the general populous too (
see here). We've all been far too busy racking up debts & getting mortgages that are too big to notice the growing problems. It's only now that it's too late for many that we are actuallt 'seeing' the credit crunch.