Subprime fallout still spreading

Michael Connolly wrote in several Wall Street Journal e-mail newsletters yesterday that “mounting losses on subprime loans and persistent waves of downgrades have begun to affect even the most highly rated securities, many of which are sitting on banks’ books.”

Author: benfell

David Benfell holds a Ph.D. in Human Science from Saybrook University. He earned a M.A. in Speech Communication from CSU East Bay in 2009 and has studied at California Institute of Integral Studies. He is an anarchist, a vegetarian ecofeminist, a naturist, and a Taoist.

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