Wednesday, August 6, 2008

Credit

We are in the early stages of a credit maelstrom. The credit storm will continue moving through the world's economies creating difficulties in ways that are unforeseen at the moment. Last week it was some of the auto companies getting rid of auto leases as a means of financing vehicles. This morning on the CNBC news ticker I saw that Wachovia will no longer underwrite certain types of student loans. What will be next?

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