Friday, August 10, 2007

Views on subprime mortgages differ in Europe, U.S. (Detroit Free Press)

FRANKFURT, Germany -- Two continents. Two central banks. Two views of how much danger the subprime mortgage market implosion poses. In Europe, worries that liquidity was drying up because some banks are unable to value securities backed by subprime U.S. mortgages pushed its central bank to inject a torrent of cash into markets on Thursday.

Read More...

[Source: Yahoo! News Search Results for mortgages]

No comments: