Market's Flaws Surface.

This article discusses the turmoil in the capital and money markets in the U.S., Europe and Asia. It explains that investors fear about the extent of the impact of the subprime mortgage problem in the U.S. largely caused the turmoil. The Federal Reserve and the central banks in Europe and Japan have reacted to the squeeze in money supply by release billions and lowering the interest rates. It says that the commercial paper market, which observers believe, is largely insulated from the turmoil, did not remain unscathed.