Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (20890)	9/22/2000 1:15:59 PM
From: LLCF	Read Replies (2) of 436258

Just the daily bullish news to... falling on deaf 'clown ears' no doubt: By Kathleen Day Washington Post Service WASHINGTON - Troubled loans to U.S. businesses have more than doubled in two years, to $100 billion, despite the robust economy. This has raised concern that banks are using lax credit standards to compete for market share, according to banking regulators. At the same time, consumer-lending standards have fallen in some key areas, particularly home-equity loans, the U.S. Office of the Comptroller of the Currency said Wednesday in an annual report on banks' lending practices. The percentage of consumer debt now held in home and home-equity loans is at its highest level since 1995, the agency said. The combination of these trends has regulators worried that if the economy falters, banks will be unprepared for the losses they could face. DAK

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