Americans’ addiction to borrowing root of crisis

By Dean Calbreath
UNION-TRIBUNE STAFF WRITER
September 21, 2008
Even if the bailout stabilizes the financial sector, it will probably not lead to cheaper credit, since banks and other lenders still face major hurdles ahead. Tougher terms on credit, they add, could force Americans to do something that they have avoided for much of the past decade: live [...]

Written on September 22, 2008 | Posted in Credit Crunch