This summer a gruesome new guessing game is afoot: spotting where the subprime bodies lie. For as the financial world reels from the current credit storm, the list of companies that are potentially affected by the turmoil is widening well beyond the usual suspects.

True, some hedge funds have blown up. I daresay more will soon follow: Moody’s credit rating agency, for example, warned last week that it now sees a 50-50 chance of an implosion at a big fund soon.