said the worst of the crisis in credit markets may
not be over.
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Scholes, Nobel Laureate, Says Credit Crisis May Not Be Over
``In my view, this is probably as bad or worse than the 1989-1990 crisis and may even rival the worst crisis we've seen since the end of the Second World War,'' Scholes said. Former Fed Chairman Alan Greenspan has also said the turmoil is the most ``wrenching'' since the war.
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