Acquisitions are stalling because of frozen credit markets, which make it difficult to locate financing.
Even people running fine businesses could have been killed by frozen credit markets, weak consumer spending or fraud.
The move was prompted by frozen credit markets and concerns about falling demand in the competitive region, she said.
Bush has asked Congress to act quickly on the bailout proposal after news of failing financial institutions and frozen credit markets.
He says cities are getting hit on all sides, declining local and state revenues combined with frozen credit markets and the prospect of a deep national recession.
Continuing frozen credit markets would "change the trajectory of growth" for companies like Solyndra, said Anup Jacob, a Solyndra board member and partner with the Virgin Green Fund in San Francisco.
We've taken steps to unlock our frozen credit markets so that the ordinary American can get the loan that he or she needs to buy a home or a car, to go to college or start a new business.
WHITEHOUSE: President Obama Announces $4 Billion Investment in Education | The White House
If you are a small business, and in some cases a medium-sized business, even if you are profitable, that you're still seeing credit frozen.
WHITEHOUSE: President Obama Closes Forum on Jobs and Economic Growth
They would have told you their industry was about to collapse because credit had completely frozen.
WHITEHOUSE: "White House to Main Street" Town Hall: Elyria, OH
As for the recent period, the extremely high growth is probably appropriate, and not inflationary, while credit markets remain frozen and velocity continues to fall.
It looks like it will take more than the American government's "Paulson Plan" to restore confidence to Europe's financial sector: governments in Europe raced to prepare a fresh round of bank rescue packages on Monday, but banking stocks fell more than 7.0% and credit markets remained frozen as the likelihood of a continent-wide initiative began to fade.
Credit markets are not frozen like they were in 2008 and early 2009.
As a result, the whole credit market has just frozen up and this is the problem the European governments are proposing to tackle.
At the beginning of the crisis, for government not to intervene when the financial system was on the verge of meltdown, and we were shedding hundreds of thousands of jobs a month, and the credit markets had just frozen completely -- for us not to intervene in that situation would have been simply irresponsible -- would have been irresponsible.
WHITEHOUSE: President Obama Talks with Virginia Families on the Economy | The White House
Though the aim is to assist in thawing the credit markets, which became frozen after the subprime mortgage crisis, it runs the risk of causing serious inflation once economic growth resumes.
Thanks to the healthier state of its banking system, China is perhaps the only big economy where credit has heated up rather than frozen in recent months.
If you make a claim about fraud on your credit card, the disputed charge is frozen and you can delay payment until your bank completes its investigation.
These securities lost much of their value in the credit crisis and the market has largely been frozen.
Credit lines from private sources are quickly being frozen or cut.
应用推荐