By  on March 18, 2008

NEW YORK — It is ugly out there for Bear Stearns' shareholders, but the credit environment is still okay for now for fashion companies hoping to get deals done. 

"I don't think the Bear Sterns panic will have a direct effect on fashion companies....We are business as usual and are very busy right now. There are people still expanding, and we are helping our clients with their expansion plans," said Michael Stanley, executive vice-president of factoring firm Rosenthal & Rosenthal. 

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