US banks caught in the credit market upheaval have started refusing to lend money against hedge funds' subprime credit portfolios.

受到信贷市场巨变冲击的美国银行已开始拒绝接受以对冲基金的次级信贷组合为抵押品而发放贷款。

youdao

The theory was that injecting money into the economy would cause banks to take that money and lend it, jump-starting the economy and bringing us back into a normal recovery.

FORBES: The Fed Pushes On A String As It Ponders How To Create Inflation

Why do the High Street banks pay us a tenth of 1% on our money but charge us 15% or more when they lend it to us and twice that if we go overdrawn?

BBC