Monday, Apr 09, 2007
sub-prime goes prime
Bloomberg News: Original News Article
this article says that a big u.s. lender is suffering. it's the first time subprime has gone ``prime'' over there. over here, the council of mortgage lenders can harp on all it likes about stronger underwriting, but go through the newspapers. how many jobs do you see paying over 30 grand? hardly any. so how come property prices are typically ten times that? and what do we ACTUALLY DO? nuffink! this could be the start of international contagion, at least that's what i'm hoping for.
Posted by bangybongo @ 06:01 PM (127 views) Add Comment
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