Interest Rate Roundup

Wednesday, May 30, 2007

A real eye-opener of a story on subprime lending

Wow -- that's all I can say after reading this Bloomberg story. If you're interested in how subprime lending turned into the mortgage equivalent of the "Wild Wild West," then this piece is a must read.

Sorry for the lack of posts otherwise today ... I've been very busy on a special project and have been working from home to get it done. Things should be back to normal tomorrow.


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