Two views of the credit crunch
With so much already written about the financial woes caused by the global capital markets liquidity strike, we thought you could do with the plain-English version and two subtly differing angles on the unfolding difficulties. Richard Leedham and Sonia Campbell ask if the world catches a cold when the US sneezes
What exactly is a US sub-prime home loan?
A home loan or mortgage usually issued to sub-prime borrowers: those that have patchy or poor credit histories, and/or borrowers that are often self employed
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