Christopher Molina's Blog - Archives March, 2008

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Home : Blogs : Christopher Molina : Christopher Molina's Blog : Archives March, 2008

Commercial Lending Update - 03/21/08 10:28 AM

The markets continue to be volatile after Bear Stearns, the fifth largest bank in the US, was forced to sell to JP Morgan for $2 per share. Bear Stearns traded at over $60 per share only a week ago. Better than expected news from Lehman Brothers and Goldman Sachs, combined with drastic steps from the Federal Reserve are helping to stabilize the financial markets. Commercial lenders continue to trim back what they will do and further reduce their lending box.
Since the credit crash last summer, some bank resources have tightened up significantly while many others are no longer lending at all. However, … (0 comments)

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Christopher Molina

Athens, TX

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