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US Banks 'set to call in a swathe of loans'

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virtuexru

posted on Jun, 27 2007 @ 10:14 AM
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US Banks 'set to call in a swathe of loans'


forums.truthera.com

The United States faces a severe credit crunch as mounting losses on risky forms of debt catch up with the banks and force them to curb lending and call in existing loans, according to a report by Lombard Street Research.
(visit the link for the full news article)


virtuexru

posted on Jun, 27 2007 @ 10:14 AM
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"God knows how low the price would have dropped if they had kept on going. We hear buyers were lobbing bids at just 30pc.

forums.truthera.com
(visit the link for the full news article)


dawnstar

posted on Jun, 28 2007 @ 05:49 AM
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simple question here....

what does it mean to "call in a bunch of loans"?

does it mean our mortgage company and credit card companies will send us notices that they want their money in 30 days?


Rockpuck

posted on Jun, 28 2007 @ 05:56 AM
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How about the original source of this article and not a cheap ATS knock off?



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