This is a well-written short summary of recent developments in the credit market. An excerpt:

"Slowly, Wall Street is reprising its critical role in the credit markets. In the third quarter investment banks sold nearly $20 billion worth of car loans, six times as much as in the same period of 2008. The yields on bonds backed by credit-card ( Read more... )

I thought this News Hour story was an informative description about where the government is getting the money for all these bailouts. However, I think it misses on important detail. When the Fed “gives” money to the banks, it takes on some of the bank’s assets in exchange.

I thought this was a good succinct description of the happenings in the credit market.