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History suggests that severe financial crises are usually followed by long periods of debt reduction in which credit falls relative to the size of the economy.
The problem with the Bush plan, some health experts say, is that the tax credit falls far short of the cost of a family health policy.
But the real credit falls to Christopher Hunt, the director of the long gone and still lamented Pepsico Summerfare in Purchase, N.Y.
"Just when she was foundering over the tax issue she got to sign this bill, and all the credit falls to her and she is up in the polls".
Puerto Rico, like Detroit and numerous other localities, is party to financial contracts known as interest-rate swaps, which require it to post cash collateral if its credit falls below investment grade.
When an investment-grade firm merges with a high-yield issuer, the combined credit falls in between– the investment-grade security gets marked down, the junk bond marked up.
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So why has the credit fallen short of expectations?
The flow of consumer credit fell to an annual rate of $77.5 billion in June.
Ms. Lund said, "My credit fell through the cracks because there's no category for it".
Consumer credit fell at an annual rate of $3.51 billion in October, the Federal Reserve said Monday.
The volume of consumer credit fell by $21.6 billion in July, the sixth monthly decline in a row.
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