Tuesday, June 23, 2009

Warning Signs

A sign that the "green shoots" in the market may be stymied before they get out of the ground: in the U.K., Barclays and other lenders are raising mortgage interest rates. Banks, which have been under pressure to lend after receiving government bailouts, are struggling to hold up their end of the bargain--and if banks aren't lending, recovery isn't here yet.

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