From kentucky.com
()
Subprime Mortgages
How will subprime mortgages, and more importantly defaults of subprime mortgages impact the real estate market as well as the US economy as a whole?
IRVINE, Calif. Goldman Sachs was one of the last Wall Street giants to enter the subprime lending world, but when it did, it quickly climbed into bed with profligate, highflying firms companies such as New Century Financial Corp.
In at least nine deals from 2002 to 2007, Goldman sold bonds backed by more than $5 billion of New Century s mortgages, one even after the California lender s underwriting criteria all but disintegrated and a...
Comments
Be the first to leave a comment!
From Our Partners
People in Pictures
Top Money Articles
 |
The 10 Best and 10 Worst Celebrity Tippers
We've combed the Internet to find the stories of celebs who tip a hefty chunk of change, and those who barely tip pocket change at all.
|
 |
Richard Branson is Awesome
If there were a magazine called "Eccentric Billionaire Playboy", Sir Richard Branson would be on every cover.
|
 |
Celebs Ring the Bell at the New York Stock Exchange
See stars promote themselves by ringing the NYSE opening bell.
|
Popular Money Zines
