April 12, 2018 03:38 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/jzeYU1Zu34I/systemic-risk.html
American banks' secret subprime exposure stretches into the billions
On paper, America's bailed-out banks learned their lessons from the crash of 2008 and got rid of their exposure to subprime debt, especially "deep subprime" loans to people who are so broke that it's basically impossible that they'll ever pay their loans back. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/jzeYU1Zu34I/systemic-risk.html
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