Even if the credit crunch passes without a major catastrophe, the prices of stocks, bonds and real estate have a long way to fall. (
more)
Fortune's Peter Gumbel investigates how Germany's IKB Bank became the biggest international victim of America's subprime-mortgage crisis. (
more)
Home-loan default rates across the U.S. have nearly tripled since 2006, especially for subprime loans. And with $850 billion in adjustable-rate loans scheduled to reset by 2008, defaults are likely to rise even higher. (
more)
