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How the sub-prime melts …

16 October, 2007 Tom Leave a comment

A good explanation of how mortgages were packaged, sold and then turned to dust from Fortune: Junk mortgages under the microscope -A close-up of one deal shows how subprime mortgages went bad.  And here’s the graphic to keep you in the picture.

US banks want you to carry the can for their sub-prime mistakes
Global business confidence index still positive, just

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