In September 2008 credit spreads skyrocketed and credit markets froze.

2008年九月信贷像冲天烟火，信贷市场却冻结了。

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When credit markets froze last year, Dubai, like Iceland, found itself overextended.

信贷市场去年冻结的时候，迪拜，和冰岛一样，发现它已经越过了界。

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These bad loans have created a chain reaction and last week our credit markets froze even some Main Street non-financial companies had trouble financing their normal business operations.

这些不良贷款带来了连锁反应，上周我们的信贷市场陷入了停滞，甚至一些传统的非金融公司也难以获得正常业务运作的资金。

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Until global credit markets froze late last summer, Britain's banks were great fans of mortgage-backed securities.

ECONOMIST: Housing market

That one horrendous decision put SIRI in a position such that when the credit markets froze up with the collapse of Lehman Bros.

FORBES: Ask Not What Karmazin Did For Sirius. Ask Instead What Sirius Did For Mel

In the absence of such rules, our financial markets spun out of control, credit markets froze, and our economy nearly plummeted into a second Great Depression.

WHITEHOUSE: Weekly Address: Time for Action on Financial Reform for the Economy | The White House