The Credit Crunch began in late 2007, when the Bears jumped out from behind their hedges and began to savage the banks, which had previously been doing just fine lending money to risky customers. This caused the banks to fail, and ultimately to be bailed out by the Greatest President Ever. For details on other fiendish Bear plots, check out their involvement in the Stock Market!
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| - Credit crunch
- Credit Crunch
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| rdfs:comment
| - The Credit Crunch began in late 2007, when the Bears jumped out from behind their hedges and began to savage the banks, which had previously been doing just fine lending money to risky customers. This caused the banks to fail, and ultimately to be bailed out by the Greatest President Ever. For details on other fiendish Bear plots, check out their involvement in the Stock Market!
- The Credit Crunch started when many US homeowners defaulted on a new type of homeloan called Optimus Prime. This resulted in a large amount of debt being written off by various banks. These banks had in turn borrowed and loaned financial packages which included large amounts of Optimus Prime debts to other banks, including Tyra Banks, Heywood Banks, Gordon Freeman and Carlton Banks. The resulting uncertainty in exactly who owes who what and the paranoid secrecy of the banking industry, means that banks are now very reluctant to lend each other any more money. These same banks are then reluctant to loan money to individuals, businesses, homeowners or Chavs.
- This lead to the Late 2000s and never ending recession.
- Credit Crunch is a Buzzword which describes a position when availability of credits becomes difficult. Sometimes a Credit Crunch may arise on account of banks and financial institutions becoming wary of extending credit facilities on account of a variety of reasons.
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| abstract
| - The Credit Crunch began in late 2007, when the Bears jumped out from behind their hedges and began to savage the banks, which had previously been doing just fine lending money to risky customers. This caused the banks to fail, and ultimately to be bailed out by the Greatest President Ever. For details on other fiendish Bear plots, check out their involvement in the Stock Market!
- The Credit Crunch started when many US homeowners defaulted on a new type of homeloan called Optimus Prime. This resulted in a large amount of debt being written off by various banks. These banks had in turn borrowed and loaned financial packages which included large amounts of Optimus Prime debts to other banks, including Tyra Banks, Heywood Banks, Gordon Freeman and Carlton Banks. The resulting uncertainty in exactly who owes who what and the paranoid secrecy of the banking industry, means that banks are now very reluctant to lend each other any more money. These same banks are then reluctant to loan money to individuals, businesses, homeowners or Chavs.
- This lead to the Late 2000s and never ending recession.
- Credit Crunch is a Buzzword which describes a position when availability of credits becomes difficult. Sometimes a Credit Crunch may arise on account of banks and financial institutions becoming wary of extending credit facilities on account of a variety of reasons.
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