DEL.ICIO.USECONOMIC CRISIS: CREDIT CRUNCH
How metro Atlantans are coping with credit woes
The Atlanta Journal-Constitution
Sunday, October 12, 2008
The nation’s credit crunch is manifesting itself in many ways in metro Atlanta, halting construction projects, squeezing farmers, threatening college educations and leaving families searching for home financing. Here are the stories of some metro Atlantans and how they are faring in the current credit crisis:
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THE MIDDLETONS: HOME LOANMarsha and Willie Middleton of Brookhaven have |
FRED ASTAIRE: CONSTRUCTION LOANFred Astaire had the permits to build a mixed-use condo project on Memorial Drive, and the site was graded. But then everything came to a halt, when he and his partners couldn’t get financing. The site is now for sale, and he’s building decks to get by. Story |
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BRYAN HAGER: BUSINESS LOANBryan Hager, president of the Farmers Fresh Food Network, a cooperative, says its members usually have to rely on second mortgages to get the |
LA-KEYA WILLIAMS: STUDENT LOANHer first year at Spelman College, La-Keya Williams’ mother, who makes about $26,000 a year, had to take out a $22,000 loan. The second year, Williams had to take out her own loan. Only weeks before she planned to return, she had less than $6,000. Story |
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TIM KELLY: CREDIT LINEThe marketing vice president of software developer Dialog Medical of Duluth says his company has moved its banking business from a “large multistate bank” to an Atlanta-based one over concerns about eroding customer service. Story |
• Credit crunch sends chills across business spectrum | • Main Street blues: Times get tougher for many
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