The Grey Lady

Ah, the New York Times, a joy to read because of its excellent pre-Iraq reporting on WMDs journalistic ethics separation of the news pages and editorial opinion fluid, natural phrasing:

“The effect of the Fed’s action has been limited to the megabanks and larger financial institutions,” said by telephone Hirokazu Kubo, a credit market analyst at Mitsubishi UFJ Trust & Banking in Singapore. He said smaller financial companies would continue to struggle.