Wednesday, May 9, 2007

Subprime woes: Who is to blame?




May 8 - Dozens of sub-prime mortgage companies have gone bankrupt and countless homeowners face the threat of losing their homes due to sky-high mortgage payments.Reuters Reporter Conway G. Gittens takes a look at the factor's behind the popularity and subsequent demonization of the sub-prime home loan, which caters to risky borrowers.

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