Talking to a lot of my contacts from “Thriving in the New Economy” as well as in my Rolodex about the put-backs and foreclosure fiasco and a topic came up that sent chills up and down my spine. Some are telling me another credit crisis is already underway.
Sources are telling me because of the “moratorium” it has lenders swinging to the extremes of only offering loans that only a small % can successfully qualify for. They tell me the industry is following the same pattern as it did after the fall of the financial system.
With job creation slow and our economy fragile, can the United States withstand another credit crisis?