It is the herd behavior of the banks. Before the Lehman Brothers bankruptcy everyone got a credit, no questions asked. Now, when the banks are supposed to give

It is the herd behavior of the banks. Before the Lehman Brothers bankruptcy everyone got a credit, no questions asked. Now, when the banks are supposed to give out more credits (which is why the interest rates are so low in the first place), the current herd behavior is to refuse anyone but clients who don't need any credit to begin with. I wonder if it is time that the central banks lend directly to private individuals. Scoring and credit rating is largely done by computers anyway, at least for the typical amounts that private individuals need. No reason to have a middle man who does not meet his traditional obligations.