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Reuters: Fed's Kohn says banks pulling back from credit

Started by chris, December 08, 2008, 05:59:13 PM

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chris

Fed's Kohn says banks pulling back from credit
      


WASHINGTON (Reuters) - The financial crisis calls for banks to play a greater role in providing credit, but banks are currently tightening credit and curtailing lending as the economy weakens, Federal Reserve Vice Chairman Donald Kohn said on Monday.<div class="feedflare">
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