Buyers’ credit falls 7th month
Job losses, bank rules blamed for $12 billion drop in August
Posted: October 8, 2009 at 3:41 a.m.
U.S. consumer credit fell in August for a seventh straight month, as banks kept restrictive lending terms in place and job losses made households reluctant to borrow, the Federal Reserve said Wednesday.
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Front Section, Pages 1 on 10/08/2009
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