Tuesday, July 10, 2007

Subprime Update

I'm following the subprime mess closely. Here's a quote from Yahoo Finance:

"Adding to the dour news on Wall Street was a move by Standard & Poor's Ratings Service to place credit ratings on 612 classes of residential mortgage-backed securities backed by U.S. subprime collateral under review for a possible downgrade. Subprime mortgage loans are those made to people with questionable debt repayment records."

Gotta go, but will be back.

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