What are some potential negative outcomes for banks in a credit environment like the one highlighted in Americas Credit Catastrophe?

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What are some potential negative outcomes for banks in a credit environment like the one highlighted in Americas Credit Catastrophe?

What are some potential negative outcomes for banks in a credit environment like the one highlighted in Americas Credit Catastrophe?

http://money.usnews.com/money/business-economy/articles/2008/10/03/americas-credit-catastrophe
Read the article with the link provided above and answer the following questions in your essay in APA format:
Why is a corporations ability to access credit terms such an important aspect of a healthy economy? Explain.
What potential impacts could this have on issues like unemployment and per capita income?
Pick two examples from The Homeowner, The Consumer, The Investor, and The Small Business Owner and elaborate on why the credit catastrophe was such bad news for their immediate future?
Your text book, Economics, highlights a few potential outcomes for banks in a tightening credit market? What are some potential negative outcomes for banks in a credit environment like the one highlighted in Americas Credit Catastrophe?