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BIGGER THE SIZE, GREATER THE FALL

By Harshal

Are you one of those who are wondering how the woes of a handful of companies can create a global
financial crisis? Perhaps you should for starters consider just how huge they are. The total revenue of Freddie Mac, Fannie Mae, AIG, Lehman Brothers and Merrill Lynch added up to nearly $322 billion in 2007. There [...]

US mortgage crisis: A subprimer

By Harshal

This article was published in TOI on 16/09/2008 which is being reproduced because it very nicely explained that I thought it should be published. What is a sub-prime loan?
In the US, borrowers are rated either as ‘prime’ indicating that they have a good credit rating based on their track record or as [...]