http://www.economist.com/business/di...ry_id=10181281
At the gates of hell
Banks and brokers are having a terrible time. Now the misery is spreading
NAMING yourself after the three-headed dog that guards the gates to hell was, perhaps, asking for trouble. Cerberus, the private-equity beast in question, now finds itself at the centre of a fierce debate about whether corporate America is in for a hellish time, as the credit crisis spreads from financial services to the rest of the economy.
Article continues...
Banks and brokers are having a terrible time. Now the misery is spreading
NAMING yourself after the three-headed dog that guards the gates to hell was, perhaps, asking for trouble. Cerberus, the private-equity beast in question, now finds itself at the centre of a fierce debate about whether corporate America is in for a hellish time, as the credit crisis spreads from financial services to the rest of the economy.
Article continues...