The Tsunami Ripples of the Credit Crunch
Do not let these Ripples swamp your Portfolio A fascinating study came out last week that gives us all a first glimpse into the street-level impact of the current Credit Crunch... the "Ripples" of lenders recent losses that will be the real impact on you and I. Most press coverage of the Sub-Prime meltdown is focused on the losses the various lending institutions are facing. Those losses are massive and have required some of our mainstream banking institutions - Merrill Lynch, AIG, Citigroup to name just a few - to accept bailouts from foreign funds. However. .. those losses are not what will affect you and I when we try to get a loan. ...
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