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Sub-prime mortgage market
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i am writing a paper about this right now if anyone has read any good articles or anything it would be helpful to me
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if you can't find over 100 well written articles on that topic you are retarded.
Start with the Wall St Journal.
Keep in mind there will be bias in a lot of articles, depending who they were written by..
What particular element of the sub-prime market are you writing about?
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wow easy silence....they guy was just asking for some advice....
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easy? he barely said anything hostile and gave good advice...
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it is just a really short paper for a real estate class. i really do not know why i even asked because i already had everything i needed before i looked at this
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i love it when a sig matches the poster :)
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more then you will ever know
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Well if its for a property related class, then I would just be explaining why the predatory lending has ended up shifting house prices onto a downward spiral, you could look at the lack of regulation as a start.
Assuming you looking at a fairly simplistic view at it, I'd take the angle that basically the sub-prime market was based around loans being given to high-risk borrowers and it got to the point that it became a readily available source of funding for people and business due to the large availability of capital AND a low interest rate environment
When the international finance companies started to reprice the loans given out to banks and mortgage brokers, this affected those people who were already high-risk borrowers. This created a large issue with S&D of property putting serious downward pressure on pricing. Now that the credit markets are nearly frozen, the issue is more pronounced. I read someone bought a house in Chicago for $2 on Ebay the other day
I think the underlying issue comes with the lack of an effective set of regulations
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how about how those same big firms that buy "credit default swaps" also invest in the muni bond market. so municipal bonds (for building roads, etc) that are normally rated AA or AAA are going to shit and have an interest rate higher than the taxable ones.
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