Subprime fiasco troubling because of scale
Subprime fiasco troubling because of scaleThe trouble brewing in the subprime-mortgage market has a familiar feel to it, writes Gretchen Morgenson for The New York Times. The real concern, however, is the scale of the trouble as the mortgage-securities market in the U.S. is a $6.5 trillion business.
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Labels: derivatives, mortgage backed securities, mortgages, subprime
posted by Victor Lloyd Smith @ 11:30 AM
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