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"We keep doing Band-Aids, extending credits a year or two," he said.
Of course, in both instances, banks got greedy extending credits and mortgages to people who couldn't pay back".
He has dropped his opposition to offshore drilling, pandered shamelessly by urging a gas tax holiday, and missed several crucial votes on bills extending credits for wind and solar power.
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In March, banks simply stopped extending credit.
"Their risk controls are stronger in extending credit".
Banks, flush with deposits to lend out, have eased their standards for extending credit.
Lowenstein writes that JPMorgan Chase was "too blasé in extending credit".
Extending credit is, ultimately, a joint decision taken by the bank and the client.
But, in a new departure, Latin American development banks have begun extending credit to Spanish firms.
J. P. Morgan was also too blasé in extending credit to private-equity buyers.
With once-respected companies like WorldCom having collapsed, bondholders have become wary of extending credit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com