Join the Discussion - View Single Post - Your solution to the subprime mortage problem?

mmccarthy · 12-18-2007

The biggest problem with sub Prime mortgages is that the US banks unloaded most of them to European banks who thought they were getting a great deal. It has caused a lot more financial problems in Europe and Asia than in the states.

Have a look at these articles ...

portland imc - 2007.11.24 - The Financial Tsunami: Sub-Prime Mortgage Debt is but the Tip of the Iceberg
The Hindu Business Line : Sub-prime crisis: Europe trains guns on US

12-18-2007	#7 (permalink)
mmccarthy Administrator Join Date: Jul 2007 Location: Dublin, Ireland Posts: 605	Re: Your solution to the subprime mortage problem? The biggest problem with sub Prime mortgages is that the US banks unloaded most of them to European banks who thought they were getting a great deal. It has caused a lot more financial problems in Europe and Asia than in the states. Have a look at these articles ... portland imc - 2007.11.24 - The Financial Tsunami: Sub-Prime Mortgage Debt is but the Tip of the Iceberg The Hindu Business Line : Sub-prime crisis: Europe trains guns on US
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