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Daily Archives: June 29, 2007
Credit-raters protect themselves more than investors
Sorry to keep harping about the looming fall-out from mortgage defaults, but the issue is inevitably key to the health of all other asset markets at present. When the foundation is rotten, and world liquidity has been built up on … Continue reading
Bank Worries Continue to Mount
This week the BCA reports that Bank Worries Continue to Mount: “The bank index continues to spiral downward in relative performance terms. Concerns about loan quality are steadily building, a natural by-product of the freewheeling lending boom in recent years. … Continue reading
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