Britain nationalizes ailing mortgage bank
Story date: 2008-02-18 12:05:00
Added on: 2008-02-18 03:46:03
Seattle Times - ... subprime-mortgage quagmire, saying it would move today to nationalize Northern Rock, the nation's fifth-largest mortgage lender. ... The bank wrote a fifth of all new home loans in Britain last year before it fell victim to cash shortfalls stemming ...
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