Tuesday, October 16, 2007

An Unsavory Slice of Subprime (Washington Post)

It's getting hard to wrap your brain around subprime mortgages, Wall Street's fancy name for junk home loans. There's so much subprime stuff floating around -- more than $1.5 trillion of loans, maybe $200 billion of losses, thousands of families facing foreclosure, umpteen politicians yapping -- that it's like the federal budget: It's just too big to be understandable.

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[Source: Yahoo! News Search Results for mortgages]

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