Thursday, Sep 27, 2007

Credit crunch is not over

MoneyWeek: How the US housing slump could cost British jobs

Seems unfair that troubles at Northern Rock and with US sub-prime mortgages should end up hammering small businesses in Britain. But then, that’s the joy of spreading risk through derivatives – everyone gets to share the pain.

Posted by mary @ 11:49 AM (180 views) Add Comment

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