The good news is that Accredited obtained financing from two lenders of more than $1 Billion. Accredited's stock prices rose significantly this morning on this news. However, some are sceptical that this amount will be sufficient to keep Accredited in business. See the full article here: http://www.bloomberg.com/apps/news?pid=20601087&sid=aVOIdoI8T17w&refer=home
The bad news is that the affects of the subprime woes are spilling over into other areas of the economy (big surprise). Accroding to the following article, the housing market is at least tangentially responsible for retail job losses. Check it out: http://www.newsmax.com/money/archives/st/2007/3/30/150759.cfm?MN=1&PROMO_CODE=3086-1&S=AL
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