The old financial system suppressed credit risk, so the banks were happy to channel low-interest loans to inefficient and uncompetitive industries, such as construction and wholesaling.
Equifax can confirm that fraudulent and unauthorized access to four (4) consumer credit reports has occurred through the annualcreditreport.com channel, a free public service that allows all consumers to get annual access to their credit report.
Professor Barbara Zehnpfennig, whose newspaper article was allegedly used in the opening of the dissertation, told German news channel N24 that failing to credit another author "breaks all academic rules".
This was made clear in a speech last week by the prime minister, who talked about building on the Treasury's use of so-called "credit easing" to channel cheap finance to housing projects, businesses and infrastructure.