New Hitches In Markets May Widen Credit Woes

The Wall Street Journal, Liz Rappaport, Carrick Mollenkamp, Karen Richardson, 10 February 2008A widening array of financial-market problems threatens to trigger a new phase in the global credit crunch, extending it beyond the risky mortgages that have cost banks and investors more than $100 billion in losses and helped push the U.S. economy toward recession.In the past few days, low-rated