From Australian TV ABC Lateline program. Economics reporter Stephen Long talks about the US sub-prime mortgage market , Collateralized Debt Obligations (CDOs) and the collapse of two Bear Stears hedge funds, and the potential for this to set off a global credit crash.
Quote: "The day of reckoning is nigh"
1 comment:
He used the C word too...."collapse"...I just want to know, is it real/different this time??
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