Subprime lending: a domino falls two ways, Part 2
[Continued from yesterday’s Part 1.]
With the spectacular collapse of the nation’s largest subprime lender, New Century Financial, the financial markets are jittery:
New Century is the center of speculation about the fallout from the subprime market in part because it is one of the nation’s largest subprime lenders, with an estimated $52 billion in subprime loans […]
