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Sunday, September 28, 2008

Media Myth: Corporations Suddenly Short of Money

I keep hearing these tales of companies who suddenly don't have enough cash to make payroll or to finance inventory.

Anyone in the financial press care to back that up with a list?

What other area of reporting do you get such leeway to report ... theoretical possibility as fact? FOX "News"?

Other myths: the idea that credit is "freezing up" because swap spreads have risen ...