Credit Crunch Last Week, the News Was Dominated by the Collapse of World Markets. But How Did It Happen and What Does It Mean for Our Everyday Lives?
Sunday Herald › August 15, 2007
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Summary
WHAT HAS HAPPENED?
Gains made in the UK stock market in 2007 have been wiped out over the last few days. This is because of growing panic among investors about a crisis hitting the American housing market.See the full content of this document
Extract
Credit Crunch Last Week, the News Was Dominated by the Collapse of World Markets. But How Did It Happen and What Does It Mean for Our Everyday Lives?
The worries are over what are called subprime loans . . . involving mortgages in the US made to people with a poor or non- existent credit history.
Thos...See the full content of this document
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