Smooth Sailing … Right? It was just a few weeks back that a handful of investment banks – LehmanBrothers, Morgan Stanley and Bear Stearns among them – went public with bold pronouncements that the worst of the credit market shellacking seems to be behind us.They may be right; after all, who should know better than the folks whoare knee-deep in it? But there’s a real chance they’re not right, and the end result could finish up looking worse than the original debacle.
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