Tottering pillars of subprime castles in the air

Story date: 2007-08-23 12:53:00
Added on: 2007-08-25 21:35:07

China Daily - With credit drying up, causing interest rates (price of credit) to rise, the European Central Bank took the unprecedented step of giving banks unlimited access to its funds at 4 percent base rate to keep the money flowing. The banks responded by ...


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