Thursday, Jun 29, 2006
House prices and hedge funds
Money Week: How hedge funds affect house prices
The way the City chooses to describe various financial instruments can be quite instructive. If a company has a bad credit record with a significant chance of defaulting on its debts, then its debt is described as “junk”. But if an individual is seen as a poor credit risk, the loans they are offered are described as “sub-prime”.
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