Interesting article on Yahoo News about the continuing saga of the sub-prime market. Where before Wall Street acted as though the problem were confined to a few players, such as Bear Stearns High Grade Structured Unit, it appears now that it is spreading further (and faster) than previously admitted to.
Note the insistence that the problem is “not systemic”. Well, not yet anyway.
Interesting article on Yahoo News about the continuing saga of the sub-prime market. Where before Wall Street acted as though the problem were confined to a few players, such as Bear Stearns High Grade Structured Unit, it appears now that it is spreading further (and faster) than previously admitted to.
Note the insistence that the problem is “not systemic”. Well, not yet anyway.
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