Why Subprime Is Not The Problem In The Capital Markets
While the resetting of teaser-rate subprime mortgages will stress those borrowers somewhat, this problem is quite limited in comparison to the larger capital market problems of opacity and balance sheet impairment.
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Commentaries — August 29, 2007
Why Subprime Is Not The Problem In The Capital Markets While the resetting of teaser-rate subprime mortgages will stress those borrowers somewhat, this problem is quite limited in comparison to the larger capital market problems of opacity and balance sheet impairment.