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At several points, Mr. Skilling, who appeared before the Senate Commerce Committee, said that Congress was engaged in a rush to political judgment that paralleled what he called similarly hasty decisions by lenders to withdraw credit from Enron when it began to falter last fall.
The "unintended consequence" of this debt relief, Levitt and Dubner assert, is a "cyclical credit crunch" before every sabbatical year, as lenders withdraw credit in the fifth and sixth years.
That is, if there is no upward pressure on prices, will the Fed reconsider, or at least delay, its plan to withdraw credit from the bond market?
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The Internal Revenue Service said yesterday that it was reviewing procedures used by coal processors to qualify for synthetic-fuel tax credits and might withdraw credits for operations that failed to meet federal standards.
Foreign banks and lenders have withdrawn credit and overseas investors have fled.
The retailer hit rocky ground before Christmas when insurers withdrew credit cover having been spooked by falling profits.
Foreign investors began withdrawing credit lines from Turkey two weeks ago after fears developed that many Turkish banks, which are under heavy pressure to reorganize, had become insolvent.
The state sector still controls three-quarters of deposits, and since the financial crisis its share has crept up (see chart).In 2008 and 2009 foreign banks, burned by bad consumer loans and shaken by events elsewhere, withdrew credit.
Jail terms now average eight months, double or triple the sentences common until recently, and officials are making wider use of administrative sanctions - canceling offenders' export permits and withdrawing credit at Government-controlled banks.
Your failure to pay your arrears of £166.04, despite our reminders and offers of assistance, has forced us to withdraw your credit line and take steps to inform the credit reference agency.
You connect your Cookies account with your bank account so that Cookies can withdraw and credit money directly without relying on your credit card.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com