Sunday, Mar 16, 2008
Wakey Wakey Chancellor
CNNMoney.com: Caution: Crumbling Wall Street earnings ahead
Far from winding down, as some of the optimistic had predicted last year, the credit crisis has engulfed even more sectors of the financial services industry since the start of 2008. Investors now are second-guessing the value of debt backed by student loans, municipal bonds, commercial real estate and even mortgages issued by Fannie Mae and Freddie Mac. On top of this, the trading of leveraged loans, a popular way for companies with weak credit ratings to finance the high-flying corporate buyouts of recent years, has lost its appeal.
"Clearly the business has deteriorated pretty significantly in just the last couple of months,"
Lucky we've got such Strong Fundamentals in the UK then !
Posted by plato @ 03:20 PM (172 views) Add Comment
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