credit losses
Money-Market Rates May Rise as Fed Move Signals Depth of Crisis
Bloomberg - March 17 (Bloomberg) -- The cost of borrowing on money markets may rise after the Federal Reserve's emergency cut in its discount interest rate stoked concern that credit losses are deepening, according to strategists. In its first weekend action in ...
Economists See US Avoiding Recession
San Francisco Gate - Major financial institutions were racked by credit losses as the value of securities backed by mortgages sank, causing the traditional outlet through which banks borrow money to seize up.