Thursday, Jun 29, 2006

House prices and hedge funds

Money Week: How hedge funds affect house prices

The way the City chooses to describe various financial instruments can be quite instructive. If a company has a bad credit record with a significant chance of defaulting on its debts, then its debt is described as junk. But if an individual is seen as a poor credit risk, the loans they are offered are described as sub-prime.

Posted by webmaster @ 04:51 PM (1671 views)
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