Where Exactly is the Credit Crunch?

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Mar 24th, 2008 by wintercow20

Read a bit more about this here. Insights and guidance, as always, appreciated. Where are markets seizing up? It does not appear to be in bank credit; it does not appear to be in the commercial paper market? Is it simply that the MBS market has frozen? Perhaps, and that does not seem to have put a dent in real estate lending in general. I am confused.

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