Subprime Bondholders May Lose $75 Billion From Slump (Update2)

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April 24, 2007
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Bond investors who financed the U.S. housing boom are starting to pay the price for slumping home values and record delinquencies in subprime loans. They will lose as much as $75 billion on securities made up of millions of mortgages to people with poor credit, says Pacific Investment Management Co...

Written by:
Written on:
April 24, 2007
Category:
Not Categorized