mortgages

Subprime’s New Song: The Worst Is Yet To Come

With the subprime mortgage problems reaching farther and farther out… touching hedge funds, U.S. and European banks, mortgage companies and money-market funds, at the risk of mixing musical metaphors and styles, it looks more like we’re about to see “The Dark Side of the Moon,” (the title of Pink Floyd’s 1973 smash album) when it comes to financial markets.

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