OECD Says U.S. Subprime Losses May Reach $300 Billion (Update3)

Story date: 2007-11-22 04:12:00
Added on: 2007-11-22 05:00:50

Bloomberg - Securitization of mortgage loans has helped to spread the risks among a wider variety of investors, albeit at a cost of greater opacity as to where the risks lie in the system,'' the OECD said. ``The crisis is likely to be drawn-out and bumpy ...


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