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Lending money: stringency and accommodation

The history is that lenders move in great caravans between two
extreme points, which we can call stringency and accommodation.

-- James Grant, the editor of Grant's Interest Rate Observer.

ZERO DOWN; The Loan Comes Due
By FLOYD NORRIS
Published: August 5, 2007

Posted by on August 15, 2007 5:38 AM |

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