Ben Bernanke in dilemma over bank bail-outQuicklink submitted by Sheila Samples Permalink
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|INDICATIONS of contagion have started to appear in other credit markets...defaults in the US markets are spreading to higher quality segments of the US mortgage market and to credit-card debt and automobile loans...balance sheets remain vulnerable to a further deterioration in the credit quality of assets... Theres more, but you get the drift of the draft report put before EU heads of government last week.|
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