Toxic Waste in the Sub-Prime Market
In recent months 'sub-prime' defaults have jumped. A Lehman Brothers analyst warns that some $225 billion worth of sub-prime loans will be in default by the end of 2007 but others say the figure will be nearer $300 billion. The 'equity tranch' is now dubbed 'toxic waste' by the insiders and analysts are waiting to see which bodies float to the surface...The vulnerable in today's America certainly include the aged and unemployed who risk their one ... Full Story »
Posted by Charles Douglas
