 |
|
|
|
|
Thursday, December 27, 2007
Credit was the big story on Wall Street this year. With 2008 just a few days away, our Senior Business Correspondent Bob Moon takes a look back with host Amy Scott at the crunch that still has a tight grip on deal-making.
Credit crunch (iStockPhoto)
More on The Economy, Housing - Real Estate, Wall Street
sponsor
"We tend to forget that debt is another form of slavery. So, they are selling our debt to others? Hmmm, what happens if we can't pay? Hmmm, our credibility starts to wane. Why the heck, if we are to be seen as leaders in this vast world, would another country listen to us? Get ready people -- the beastly game is in full effect. Remember how back in the day, the mob would extend debt to those who couldn't get it? Remember? What happens if that person couldn't pay up? Good luck, Fannie and Freddie! . . . "
sponsor
Leadership PACs are the main fund-raising tool for most lawmakers. Find out how they raise and spend all that money.
Environmental professionals scrutinize eco-friendly claims by businesses, governments and groups. Check out their reports.
Are the candidates addressing issues that matter to you? Help us report on the campaigns. Share your thoughts.
No region outside the U.S. affects our pocketbooks, politics and portfolios more. See our special coverage from Cairo and Dubai.
Marketplace goes one-on-one with CEOs, company founders, head honchos...
Marketplace is on Apple's online education platform, iTunesU. Get free downloads in subjects like History, Science, Business and more. Study up
We want your insights to help us in our reporting in these areas. Share what you know:
