Subprime loans: a helping hand, Part 2
[Continued from yesterday's Part 1.]
Sooner or later, these billions add up
Yesterday we heard about the $1 billion that NACA is taking credit for Citigroup and Bank of America’s willingness to provide to refinance subprime loans. It’s clearly capital that will be welcome, for the subprime sector is wobbly:
Mark Zandi, chief economist at Moody’s Economy.com, recently culled [...]
