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Mortgage group

Markets fragile as hard heads turn to cash

Crikey / Tuesday, 21 August 2007

The AFR couldn’t have been more wrong with its headline today: ”Markets roar back as investors cheer Fed action”. The paper should have had something life: “Relief rally sees markets bounce”, because the cheering got awfully muted in the US as the casualty list continued to grow in financial markets.

RAMS locks horns with the sub-prime mess

Crikey / Tuesday, 14 August 2007

The gathering crisis in the US and in Europe has spread quickly, and has arrived here in force today with a widespread slump in bank share prices because of a warning from the newly listed independent mortgage group, Rams Home Loans Group.