while you are free and happy to bash unions you seem oblivious to the
outrageous "compensation packages" the fuckheads in suits who do
nothing all day- they make far more than the workers who earn their
wage in mind numbing  drugery day in day out. Show some respect

Unfortunately that's probably true.  Or they'll do the right thing for
the wrong reasons - we can hope.

What is a "credit problem?"

In the "olden days" companies that ran cyclical seasons had things they
called
"cash reserves"  They would scoop out a chunk of money from the cash
reserve,
fund whatever operation from it, and the cash reserve would then be replaced
by scooping it out of the profits of that operation.

Companies could make a little money off interest on this reserve, or make a
bit more
loaning it to other companies if they had extra.

Then 10-15 years ago the eastern bankers convinced a lot of those companies
that somehow it was better business to run with NO cash reserve, and
whenever
they needed money for some operation, to scoop the money out of the bank
and pay the bankers interest on it, then when the profits came from whatever
operation, they would scoop even more money out of the profits of their
operation
to pay back the bankers.

Frankly, my fervent hope is that credit is NOT EVER unfrozen, not at least
for
many, many years.  I would like to see all the companies that fell for that
bankers
line of sh.t to go out of business.  Not all companies fell for this and
squandered
away their cash reserves.

Banks need to get back into the business of making money by paying out 2%
on passbook checking and savings accounts, and charging 4% on 30-year
fixed mortgages.  With the volumes of money the banks make, a 2 point spread

on just doing this only would make all of them many, many billions of
dollars
of profit.

Ted

There is a credit freeze in that the banks will not lend the car dealers
money, which is how they finance their showroom and car lot vehicles.

One case, your daughter's, does not disprove anything.