Anatomy of a global credit crisis
Story date: 2007-08-22 12:54:00
Added on: 2007-08-25 21:35:07
New Zealand Herald - As interest rates rose and the introductory rates expired, borrowers who had chased the dream of home ownership found themselves unable to afford repayments and started defaulting on the loans. The sub-prime problem has caused panic beyond the US ...
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