Closing Bell

October 2008 | Closing Bell

If you listen carefully you can actually hear the wheels of corporate finance grinding to a halt. As nervous investors follow the fluctuating fortunes of the US bailout plan, credit markets remain locked up. Yes, there is liquidity out there, in sovereign wealth funds, private equity firms, and of course Warren Buffett, but these players picking up select assets at a discount is the exception that proves the rule. For the most part credit markets are locked tight, and global M&A activity is down by 25% this year. Consequently, deals are in trouble even in previous stalwarts like the mining

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