Word: crediteers
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...These steps have been necessary despite the fact that Asia's banks have barely been dented by the toxic assets that devastated lenders in the West. But as confidence seeped from the region's financial markets, banks became nervous about parting with funds, credit tightened, and stock markets plunged. South Korea has been looking particularly vulnerable to further turmoil. With some $80 billion of its banks' foreign debt maturing by mid-2009, investors worried the country could face a credit crunch that would restrict lending throughout the economy. Those fears have punished Korean stocks and the country's currency...
...measures appear to have helped unlock frozen credit markets. The three-month Hong Kong interbank rate, or HIBOR, a measure of the difficulties of getting access to credit, fell by more than half a percentage point Monday, the biggest drop in a decade...
...lunar month of Kartika marks Diwali, the Indian festival of lights, when Hindus across the country worship the goddess of wealth, Lakshmi. But divinities know full well the laws that govern finance, and Lakshmi may now be a little tight-fisted about circulating her riches amid the ongoing global credit crunch...
Rodgers said frozen credit markets have forced lenders to raise standards of creditworthiness. International students typically have a higher probability of defaulting on their loans than American students...
...This has been the typical reading of our collective unkindness—homo Harvardus homini Harvardi lupus est—and it’s a compelling one. However, mightn’t we also give ourselves a bit more credit than that...