Types Of Bankruptcy

House prices fall in latest month -survey  Buyers continued to have the upper hand in the property market in August as homeowners further lowered their asking prices to achieve a sale and agents' books remained full, a


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Mutual funds may escape hit from small subprime lenders  Investors fishing mutual-fund statements from the mailbox might take a look at their neighbors' homes and wonder whether any will cost them money.Commentread more...


Woman Wages Turf War  read more...

July 9th, 2007

Banks losing up to $52 bln over subprime

“European banks tend to be among the most conservative buyers of CDO paper and we estimate that their share of losses will be much smaller than that of the U.S. banks”

Credit Suisse analysts estimated banks could lose up to $52 billion over time due to their exposure to collateralized debt obligations that invested in U.S. subprime mortgages. via Earth Times



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