Getting the rat through the snake
Wed Aug 29, 2007
By Michelle Celarier
Aren't you glad August is over? Before you think the markets
have calmed down, however, it's worth remembering that the
worst subprime loans - in a market greater than $500 billion -
are those whose interest rates are resetting later this year
and next. The biggest defaults are yet to come. Then there's
the close to $300 billion in hung bridge loans clogging up bank
balance sheets, stalling the return of the private equity and
Will Fed rate cuts help? Last month a repeat of Long
ISSN: 2151-1845 / CDC10004H
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