San Diego Housing Market News and Analysis
Bad Blood Over Bad Loans - Business Week
User Forum Topic
Submitted by PerryChase on September 24, 2006 - 11:46pm
"Mortgage defaults are rising. Wall Street thinks banks should mop up the mess"
I subscribe to Business Week and for a long time they were silent about the coming real estate downturn. They were for some time predicting a soft landing.
Now they've suddenly jumped on the bandwagon with a slew of articles on toxic mortgages and nutron loans.
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