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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (76740)3/7/2001 3:18:40 PM
From: NOW  Read Replies (2) of 436258
 
Greenspan: Don't cut off credit

"Greenspan warns banks by Rex Nutting

In adapting to a slower economy, community banks must not "overcompensate and inhibit or cut off the flow of credit," Federal Reserve

Chairman Alan Greenspan said Wednesday. In televised remarks to the Independent Community Bankers of America's conference in Las Vegas, Nev., the nation's top central banker made no direct comments about the state of the economy or monetary policy. So far, a credit
crunch has not developed, he said."
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