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Is the Corporate Credit Line Getting Drawn Down?
This time around, it's not mortgages that are the problem, it's credit because it's the corporate sector that is bearing the brunt of this fallout. The government is now asking the banks to show for parents, small businesses, households and everybody in your home country. That private market making mechanism is, I wouldn't say broken, it's just probably taking a little bit of a backseat due to providing so much on the ground.