Given the choice between bank lines of credit and the bounty of the capital markets, Corning Inc. treasurer Mark Rogus is increasingly thinking he would prefer the latter.

With so many hoops to jump through for lending commitments that might not be there when they are needed most, it might be wise to "rely less on the banking structure … and not go through the effort" of obtaining unfunded bank credit lines, Rogus said last month at a public hearing on government efforts to stabilize commercial lending markets. "It's not clear to me," he said, "that credit lines for large, multinational corporates will continue to serve a purpose in the future."

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