Goldman says end of credit crunch is near - papers 11 April

Mr Blankfein believes markets are probably in the late stages of the global credit crisis that began last summer. However, he chose not to predict when it will end. "We're probably in the third or fourth quarter," he said at the bank's annual meeting yesterday, adding that people "feel like they're seeing the light at the end of the tunnel". BEN BERNANKE, chairman of the Federal Reserve, has laid the blame for the credit crunch on the ratings agencies, the investors in sub-prime securities who believed them, and inappropriate incentive structures, The Times reports. Delivering the find...