Credit Report

The Wall Street Journal has a good piece by IP and Hilsenrath, How Credit Got So Easy
And Why It’s Tightening.  I’d focus a bit more on real factors rather than the Fed but they hit all the right points.

The Economist says it’s A Good Time for a Squeeze but wisely they do not neglect to mention that being a credit snob is still a bad thing (yes, yours truly gets a nod.)