Is the Credit Crisis Over?

At the height of the credit crisis, large reputable banks were scared to lend to each other. They thought lending to consumers was downright crazy. How have things changed since then?

A recent Planet Money podcast checks in on lending activity. Things have improved - there's much more activity than at the height of the crisis, but there's much less activity than there was pre-crisis.

This is no huge surprise. There's less fear out there, so lending has increased. On the other hand, lenders are still cautious, and many borrowers have reduced their demand for debt. The entire process has been called "the great de-leveraging", where consumers and businesses reduce debt levels.

Listen to the Planet Money episode to find out more.