Commercial Lending on the skids …
By: Myles, February 19th, 2008
In an eye-opening article in the Wall Street Jornal today, the New York financial establishment is bracing for yet another hit of multibillion-dollar losses.
Apparently, the crisis that began with sub-prime mortgages is spreading like wildfire to other markets, as well:
High-risk loans used to finance corporate buyouts have plummeted in value.
Securities backed by commercial real […]
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