The Credit Crunch is Officially Over

For the first time since the start of the financial crisis, banks have more lent out then they did in late 2008. In mid-July, according to the Federal Reserve, which reports the figures with a lag, banks had $7.33 trillion in loans outstanding. That was slightly more than the $7.32 trillion banks had extended in October 2008, the last time credit peaked.

via The credit crunch is officially over – The Term Sheet: Fortunes deals blogTerm Sheet.

Another Looming Credit Crunch? (zerohedge.com)

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The Credit Crunch is Officially Over

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