Tuesday, September 25, 2007

The International Monetary Fund has warned that Britain’s sub-prime mortgage system is comparable to the United States, sparking fears about the stability of the housing market.

IMF fears over Britain's sub-prime market

The Washington-based institution singled out the UK's low-income mortgage market as a key area of risk for the financial system.

Posted by chris @ 02:43 AM (474 views)
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