The shaky U.S. credit markets will face a critical test over the next few weeks, as companies try to find buyers for hundreds of billions of dollars in short-term debt that is set to expire. Corporate borrowers are expected to struggle in refinancing their debts, and the repercussions may go far beyond the companies in question. As they pay higher interest rates or turn to expensive alternatives to short-term debt, the higher costs are likely to be passed on to consumers and businesses throughout the economy, potentially pushing up the costs of everything from credit-card debt to auto loans and mortgages. ...
Nonsense...all these corporations have to do is revive an old tradition: start giving away toasters. Buy a worthless pile of securitized subprime mortgages, and get a FREE toaster!
