Nowhere to run as hysteria paralyses corporate market

February 08, 2002 12:00 am

The panic that has gripped the credit markets since Enron’s fall reached fever pitch this week, as even the world’s largest company by market capitalisation, General Electric, was caught up in the cacophony of rumour and innuendo that on Monday prompted Tyco International to draw down emergency bank lines after it lost the confidence of the market.

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