Posted AT 6:00 AM EST on 18/11/08
Banking's clogged arteries won't clear overnight
Been to the bank for a mortgage lately? A line of credit for doing business? How about a car loan? If you haven't, count yourself lucky. If you have, you've likely seen the unpleasant new reality of borrowing money.
Around the world, financial institutions are collectively adopting a new motto: Your word is no good here. Not that your grouchy neighbourhood banker doesn't want to lend money – he does. It's just that, well, he has gotten skittish.
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