Tuesday, November 20, 2007

US Credit Crisis - It's A Mess!

Here are two interesting articles by Diane Francis in today's (Nov 20, 2007) Financial Post...

- Sub-Prime Scandal: New Catastrophe Around the Corner

- Subprime Mortgage and Debt Fraud: Worse than Enron and Bre-X

Meanwhile, MSNBC's reported "Foreclosures hit some cities harder than others" and expected the coming rise in home foreclosures is expected to drag down property values by some $223 billion.

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