From International Socialist Review, Vol.19 No.3, Summer 1958, p.98.
Transcription & mark-up by Einde O’Callaghan for ETOL.
Persons “already overburdened with debt but seeking still more credit are becoming more common these days,” according to Business Week (May 31). But requests from reliable borrowers are “way down.”
Consequently, “finance companies are faced with this cruel dilemma: With the ‘good’ applicant holding back, the companies must either resign themselves to doing less business – or they must deal with poorer risks.”
Last updated on: 29 April 2009