Federal Program to Boost Private Lending Struggles to Get Money to Consumers By Neil Irwin Washington Post Staff Writer Thursday, April 23, 2009 In its first two months, the government's signature initiative to support consumer lending has fallen well short of expectations, deploying only a fraction of the amount officials had hoped to extend to stimulate auto loans, student loans and credit card lending.
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"Healthy Lending Levels," the Oxymoron Is Not…
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Federal Program to Boost Private Lending Struggles to Get Money to Consumers By Neil Irwin Washington Post Staff Writer Thursday, April 23, 2009 In its first two months, the government's signature initiative to support consumer lending has fallen well short of expectations, deploying only a fraction of the amount officials had hoped to extend to stimulate auto loans, student loans and credit card lending.