Credit crisis

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A credit crisis, or "credit crunch" is a situation in which banks are reluctant to lend for fear they will have insufficient funds available.

After the financial crisis that began in 2008, the Financial Crisis Inquiry Commission (FCIC) was formed to study how fraud, regulatory lapses, monetary policy, accounting, lending practices and executive pay contributed to the U.S. financial crisis.

Last modified on 25 January 2013, at 10:06