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The Credit Crunch

A guide to the current credit crunch, as money for bank loans has dried up

A guide to the current credit crunch which originated in the US economy - the largest economy in the world. It came about because banks made 'silly lending decisions' with subprime mortagages. With stockbroker Justin Urquhart Stewart, ÃÛÑ¿´«Ã½ Economics Correspondent Andrew Walker and Chris Giles of the UK Financial Times.

Release date:

8 minutes

ÃÛÑ¿´«Ã½ World Service Archive

This programme was restored as part of the World Service archive project