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Overseas property forum network > General > Property news > [RSS NEWS] After Financing the Housing Boom, Wall Street Shuts Off the Spigot
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Author Topic: [RSS NEWS] After Financing the Housing Boom, Wall Street Shuts Off the Spigot  (Read 609 times)
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« on: April 01, 2007, 10:17:37 am »
After Financing the Housing Boom, Wall Street Shuts Off the Spigot


New Century's collapse illustrates how the residential real-estate market was fueled through generous credit. Now that the flow of cash has been stopped, more than two dozen subprime lenders have been forced to close shop.

 


http://feeds.realestatejournal.com/~r/wsj/realestate_journal/~3/105313836/20070330-zuckerman.html
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