Four years ago, Chilcott was on the U.S. Treasury's Small Business Financing Forum, where he made recommendations to the Obama administration on how to improve the flow of capital to Main
Street during the credit crunch.
Possible explanations might include younger Millennials witnessing the negative consequences of consumer debt that caused their parents
experienced during the credit crunch, and they do not want to repeat the same mistakes as their parents.
«The news this morning that the SFO has brought charges not only against Barclays regarding its raising of funds from
Qatar during the credit crunch, but also its former chief executive and 3 other senior officials, is a bold move by the SFO, the likes of which we have never seen before from events spinning out of the 2008 financial crisis.
Thanks to solid gains in the lower end of the housing market, the first - time home buyer tax credit, and the rebounding stock market, lenders in mid — 2009 began cautiously lending money beyond the safe Fannie Mae, Freddie Mac, and FHA loans on which they relied for
income during the credit crunch.
During the credit crunch, alternative lenders — cash advance companies, accounts receivable funders, factors, and micro lenders — took advantage of the slowdown in bank loan volume.
Banks have seen healthier balance sheets from potential borrowers, and are now more willing to lend than they were
during the credit crunch.
Personal loans are now cheaper than my 10 yr fixed mortgage deal taken out
during the credit crunch.
Second,
during a credit crunch, all cheap sources of financing disappear for all but the most creditworthy borrowers.
During the credit crunch, CalPERS» assets plunged to $ 164.7 billion from a pre-crisis high of $ 260 billion, with the mortgage meltdown and larger financial crisis wiping out nearly half the value of its real estate portfolio alone.