Raw art Weblog

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The US sub-prime

The US sub-prime mortgage crisis has led to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.

This is a great and easy to understand article from the BBC that describes the situation.

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September 22, 2008 - Posted by | News, raw art gallery, Uncategorized |

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