However, what happened during the Financial Crisis was special, in terms of my lifetime: Credit froze up; banks, some of which were collapsing, stopped lending; businesses stopped asking for loans; and C&I loans plunged off a cliff. This is not the scenario on the horizon at the moment. ...
France Loses AAA Status as S&P Wields Ratings Ax The reason??? France's banking system's solvency issues are obvious, and the leverage into Italy is foreboding. The socialist state is bound to do more bank bailing in the very near future, and that ain't cheap! Of course S&P takes act...
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