When Banks Stop Lending Money
October 8, 2008 by Bridget Ayers
Filed under Business
Today we have seen another “historic” event, a global rate cut. Countries around the world got together and with the guidance of the US Federal Reserve cut rates.
Joining the rate cut were central banks in Canada, England, Sweden, Switzerland and the European Central Bank. Central banks in China, Hong Kong, Kuwait and the United Arab [...]
