Economic Crisis - Have we even defined the problem right?

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Though after writing this article, I got a little lesson on commercial paper market drying up at the 4th McCombs Alumni Conference, it however did not convince me fully.

Today, as I read thru the articles on "Wells Fargo's" Windfall earnings, I felt these prove my belief on the topic of Credit Worthiness - Banks are lending and there is credit available for those who are credit worthy; however, I guess they are lending to who they deem are "Credit Worthy". So if anyone is not getting credit - may be like Mahatma Gandhi Said - It is time to look in the mirror.

Some Links
http://finance.yahoo.com/loans/article/106893/Wells-Cashes-in-on-Mortgage-Boom
http://tampabay.bizjournals.com/tampabay/stories/2009/04/06/daily56.html?ana=yfcpc


Thanks
Nagesh
The views represented in this blog are my personal views and are not a reflection of or opinions of any of the institutions I am associated with or have worked for.