Financial Briefs

Breaking financial news from Wall Street to Main Street

Global financial crisis: The Story so far

Posted by financialbriefs on September 21, 2008

The current financial turmoil is rooted to the sub prime crisis. During boom years, mortgage brokers enticed by the lure of big commissions, talked buyers with poor credit into accepting housing mortgages with little or no down payment and without credit checks.

http://economictimes.indiatimes.com/Indicators/Global_financial_crisis_The_Story_so_far/articleshow/3507868.cms

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