Credit market strains showed no sign of abating on Thursday as bond insurer MBIA and investment bank Bear Stearns fessed up to greater mortgage exposure and commercial paper issuance shrank abruptly.
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Glare of crisis envelops MBIA, Bear StearnsPosted by UK Economy News
In UK financial news
20Dec 07 Credit market strains showed no sign of abating on Thursday as bond insurer MBIA and investment bank Bear Stearns fessed up to greater mortgage exposure and commercial paper issuance shrank abruptly.
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