Delay in Merger for Huntsman and Hexion Specialty Chemicals

http://dealbook.blogs.nytimes.com/2008/10/28/huntsman-says-banks-are-unwilling-to-finance-its-merger/index.html?ref=business

Huntsman and Hexion Specialty Chemicals said Tuesday morning that their roposed
$6.5 billion merger will not close on schedule today because the banks committed
to financing the deal are unwilling to lend the necessary money.

My Response: With the so called "recession", how could companies continue to ask for financing. We all know "money makes the world go round", but sometimes you have to do things on your own. Huntsman and Hexion will just have to wait for when the funds availability, or find another bank to do business with. They have already sued two banks in Texas for denying their merger. It looks like their going to be working on bank number three.