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IPFS News Link • Economy - Economics USA

More Subprime Woes to Come

7-12-2007 • BusinessWeek

The subprime storm isn't blowing over. On July 10, credit-rating agencies Moody's Investors Service and Standard & Poor's warned of greater-than-expected losses for bonds backed by subprime loans—news that helped send stocks tumbling.

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Reported By Powell Gammill

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