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Essay

Sub-Prime And Impact

Essay specific features

 

Issue:

Business

 

Written by:

Gary N

 

Date added:

December 26, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 627

 

Was viewed:

1763 times

 

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Essay content:

Sub-prime mortgages totaled $600 billion in 2006, accounting for about one-fifth of new mortgages last year and may account for up to 60 percent of all foreclosures in 2007. Experts say we may feel the repercussions of these events in the financial world for years to come. The sub-prime lending crisis has led to restrictions on the availability of credit for prime lenders and may lead to a US recession...
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The sub-prime lending crisis has led to restrictions on the availability of credit for prime lenders and may lead to a US recession. Impact on Financial Institutions: Financial institutions effected by sub-prime mortgage crisis included Swiss Bank hedge fund arm Dillion Read Capital Management, reported (May 2007) a loss of $122 million from bad investment related to U...
displayed 300 characters

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