The relative calm that has prevailed over credit markets since mid-March, when the Federal Reserve stepped in to help a fragile system, shows signs of dissipating.
The latest example: Moody’s Investors Service Wednesday threatened again to lower the top triple-A ratings of MBIA Inc. and Ambac Financial Group Inc. because the bond insurers are having difficulty [...]
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The Wall Street Journal on the Credit Crunch Flare-Up
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