The next US subprime problem, apparently, is in auto loans: Ms. Payne went with her daughter to a dealership that arranges loans for Santander and other auto ...
Before I start my theory about Subprime Phase 3, I want to clarify one thing. Everything I mention here is a short term opinion on where things are going. That ...
After Phase 1 of subprime in Aug 2007, and Phase 2 in Feb 2008, we are now going into Phase 3 of the crisis. I’ll explain later about why I think so, ...
Chanda Kochhar says a few interesting things in an interview with Mint: … there are four things that have contributed to the $264 million figure: $69 ...
Statements from ICICI: Sep 2007: “..treasury income was Rs. 1.75 billion which was a decline over last year Q2 of Rs. 2.4 billion, a 27% decline that was ...
U.S. home foreclosures are up 90% in Jan 2008. Defaults among subprime borrowers and those unable to meet rising payments on adjustable-rate loans drove ...
