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10-13-2009, 07:07 PM #1
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Whitney: Small Business Credit Collapsing
Whitney: Small Business Credit Collapsing
Tuesday, October 13, 2009 2:10 PM
By: Gene J. Koprowski
Credit continues to contract, and smaller firms and many consumers are suffering, notes bank analyst Meredith Whitney.
Whitney is best know for predicting the banking collapse that has enveloped Wall Street since late 2007.
“With the exception of large-cap companies, smaller-sized businesses are struggling to raise capital and the wider implications for the economy are bearish.
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