Credit System Overhaul
10 August 2010
The economy slowing is not helping either which is barely holding off a new ‘recession’. The government’s spending outside and internally is straining the financial resources of many and frequent rate cuts which the government does to prevent such a disaster from happening cannot go on for too long. The future for the housing market still seems bleak and an end to the problems in the money markets is showing no signs of ending. Revisions to the credit system are being put in place to safeguard the events of late 2007 from ever happening again. As for the end, only time will tell.
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