Once again the pressure is rising on world financial markets, especially banks and brokerages in the US as reports of losses and warnings about the intensifying pain from the subprime mortgage crisis continue to grow, reports Glenn Dyer.
Mortgage problems
Ratings agencies investigated over subprime mess
The role of credit rating agencies like Moody’s, Standard & Poor’s and Fitch in the subprime mortgage mess is going to be investigated by the European Commission, writes Glenn Dyer.
Housing affordability: it’s your own fault
The rising number of individuals seeking to blame the government for their struggling with mortgage repayments signals the death of people taking responsibility for their own choices.
