Friday, Jun 22, 2007
Bear Sterns and Sub Prime Worries
FT.com: FTSE dips on financials exposure worries
Not much interest here, but the first paragraph or so caught my eye:
"London equities were losing ground by midday Friday, as financial stocks sagged with investor concern over banks’ and asset managers’ exposure to sub-prime mortgage assets in the United States."
Posted by dohousescrashinthewoods @ 01:54 PM (402 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. uncle tom said...
For some time there has been a surreal element to the financial markets - put simply there has been too much cheap money around. Meanwhile, money supply growth has been dramatic and seemingly incompatible with inflation and economic growth data.
Also at the same time we have seen relatively noval financial instruments - notably CDO's - explode in number and size.
Something ain't right - in the same way that Enron didn't seem right (long before the scandal was revealed) - it defies simple logic.
Like Enron it is also extremely complex, and contains many secretive elements.
I think this story is going to run and run...