subprime

I have been trying to make some sense of the financial crisis we all seem to be caught up in, but I have been struck by what seems to be a contrast between the headlines telling us we have struck an iceberg and are sinking and what seem to be the data underpinning those headlines. Typical...

More ripples in the real estate market that were completely expected. By me at least. :) Some banks are starting to lose money on home loans they made. Know your lender. If they are top-heavy with sub-prime loans, they are going to suffer. HSBC is a British bank. The world's third...