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IPFS News Link • Economy - Economics USA

Subprime Shoes Continue to Drop

6-30-2007 • FMNN

The meltdown in the subprime mortgage market is inexorably spreading throughout the U.S. economy. The first shoe dropped in February, when scores of mortgage originators went bust amid rising defaults and tightening lending standards. Last week, the

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Reported By Thomas Costanzo

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Subprime Shoes Continue to Drop

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