Sunday, Oct 28, 2007
The Observer raises the black flag
Observer: UK prime target for a crash
The Observer joins the ranks of those who think there is something amiss in the Kingdom.......
Posted by andyh @ 08:31 AM (245 views) Add Comment
1 Comment
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1. Nelson said...
"He calculates that up to $30bn-worth of cut-price adjustable-rate mortgages, many of them to sub-prime borrowers, are due to be reset in the US, often on to much higher rates, every month for the next year. "
Is that $30bn every month!?? Or $30bn worth for the next year?