Subprime Ground Zero, Part II
Apr 12th, 2007 | By Byron King | Category: Macro Economics
In Part 1 of this article, I discussed the recent bankruptcy filing of New Century Financial Corp. of Irvine, Calif., and the significant numbers of layoffs within the subprime mortgage industry. I noted that the economic ripples will spread and lap upon distant shores. In Part 2, we will look ...read more
