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#75 Planet Money: Why the Credit Crisis Drags On

#75 Planet Money: Why the Credit Crisis Drags On

Planet Money vor 17 Jahren

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The recession's showing signs of up, but the credit crisis isn't over. Banks still aren't lending like they used to, to families or businesses.

Ira Jersey, head of U.S. interest rate strategy at RBC Capital Markets, can tell you why. Put simply, it's that families and businesses have borrowed too much already. They're continuing the long, slow and painful process of paying the debt down or writing it off.