Sorry Dotty, I was referring to reckless lending. The banks here, always have security and do not lend more than 100% of valuation like in Europe and the UK were. The bank will always win in a default, as they have the property, whether it is a car or a house. I agree the banks are now producing some very imaginative products to finance these purchases, and they are not very competitive with world markets, but my point was that there is no credit crunch here, the banks are as you say falling over themselves to lend.
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