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Many traders and analysts also questioned whether Spain might be the next to face credit problems.
The company may face credit downgrades as regulators investigate its accounting practices and power trading in California.
And while Vince Cable may be moving in the right direction, business does not simply face credit problems.
This behaviour could reflect a number of factors, but Mr Krueger reports ample evidence showing that the poor face credit constraints which prevent them from investing optimally in their children's education.
They operate small plots at low levels of working capital and often face credit constraints.
For example, the poor face credit constraints, which prevent them from making worthwhile investments in their children.
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On top of that the average family is facing credit card debts of £2,006 and owes some £1,959 on personal loans.
Japan looms large in efforts to recover from the global economic crisis and has pledged up to $100 billion in aid to the International Monetary Fund to help countries facing credit shortages because of the crisis.
This is particularly true in developing countries where farmers are facing credit constraints (Stampini and Davis 2009).
Investors looking to take a page out of Buffett's playbook should avoid the bond insurers facing credit downgrades.
A consumer-facing credit monitoring startup, Credit Karma, is now worth more than a billion dollars following a new round of funding.
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