Good Time for a Crisis?

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In the long term, a more diversified lending base and a shift toward installment loans will be good for the industry. [Bill Shenk] is even fairly optimistic about this upcoming spring. "My guys think the tight money is temporary, and I tend to agree with them," he says. "The financial institutions are going to close up 2008, and then they're going to ask, 'How are we going to make money to keep the doors open in 2009?'"

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Good Time for a Crisis?

HERE'S AN INTERESTING HYPOTHETICAL: What if the worldwide credit crunch had happened back in April? "It would have bankrupt our industry," guesses Bill Shenk, an organizer of 20 groups w...

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