Investors Forum |
A community of New Zealand investors |
01-11-2008
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,576
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Banks' sub-prime exposure revealed
Major banks are increasing mortgage rates here and across the Tasman as it emerges they have an A$850 million direct exposure to stricken US home lender Countrywide.The banks say the increases are driven by rising rates on wholesale...
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