The judge's action, on appeal, could be construed as putting Greyhound in technical default on a credit line.

FORBES: Doghouse On Wheels

If falling prices raise the rate of default, that could in turn worsen the credit crunch, putting yet more pressure on prices.

ECONOMIST: America's housing market

Perhaps worth putting minds at rest about credit default swaps, credit events and the possibility of another huge crash in the banking system.

FORBES: A Credit Event Won't Cause Another AIG

Late Wednesday afternoon in Europe, Fitch Ratings said it had cut Iceland's long-term sovereign currency issuer default ratings to "BBB-, " from "A, " putting them firmly in "junk" territory.

FORBES: Market Scan