Cheap Credit Could Bite Back, CIBC says

Financial Post, Wojtek Dabrowski, 12 January 2006The binge on cheap mortgages and loans has the potential to create serious problems for lenders and consumers when the credit cycle takes a turn for the worse, Canadian Imperial Bank of Commerce chief executive Gerry McCaughey warned yesterday."When the cycle hits on credit, I think that it's something that we have to think about in terms of