Credit crisis spelled out in 8 easy steps
Story date: 2007-12-26 12:40:00
Added on: 2007-12-26 06:33:45
Edmonton Journal - When home prices stopped rising, then started falling, subprime borrowers couldn't refinance homes they couldn't afford to begin with. They defaulted on their loans. In the end, the various intermediaries between borrower (homeowner) and lender ...
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