The credit crunch is back. After improving in September and early October, markets in a wide variety of debt -- including for home mortgages, consumer loans, and corporate buyouts -- have sharply deteriorated in recent weeks. Investors view much of this debt as riskier than they did even at the... -
Fallout From Credit Crunch Creates Another One
The credit crunch is back. After improving in September and early October, markets in a wide variety of debt -- including for home mortgages, consumer loans, and corporate buyouts -- have sharply deteriorated in recent weeks. Investors view much of this debt as riskier than they did even at the...-
By Neil Irwin and Tomoeh Murakami Tse