Lending Freeze
Categories: Credit
No more loans for you!
Remember the Soup Nazi, from Seinfeld? Kinda like that.
The environment got cruel, cold, unmoving. Banks grew scared. The population needed money. And...nothing happened. The lending freeze brought on by Chicken Little who said the sky was falling. And people believed Mr. Little.
So no loans flowed. For a while. Until the thaw.