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How Does the Financial Crisis Affect Credit?

How Does the Financial Crisis Affect Credit?

The current financial crisis is often described with sound bites such as “Executive Bail Out,” “Wall Street Bail Out,” “Credit Markets Collapse,” or “Failed Economic Problems.” None of these labels or sound bites helps the average person understand what is happening and, more importantly, how it affects them. Granted there are many pieces to this puzzle, but the one that may impact the average person the quickest is the collapse of the credit market.