Friday, Jun 22, 2007
Now its getting interesting...
BBC News: Mortgage Loss Threatens US banks
"The US housing downturn may have major financial repercussions, experts have warned, as Wall Street faces up to the crisis in the sub-prime lending market. Bear Stearns, a leading US finance firm, is trying to prevent the collapse of two hedge funds with major exposure to the high-risk mortgage sector...
Is that the sound of a stable door being slammed shut just a teeny weeny bit too late?!?
Posted by the bear in the woods @ 04:06 PM (153 views) Add Comment
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