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September 1st, 2007 — Financial Education, Lending Club, adjustable, crunch, effects, hedge, jumbo, mortgages, resetting, subprime from Patrick Gannon @ Lending Club
The credit crunch is just getting started. How long it will last and how big it will be in the final tally is anyone’s guess, but my personal forecast is: “a while” and “really big”. There will be first-order and second-order effects that the economy will need to handle.
The first order effects will [...]
Continue reading → Keeping credit flowing during the credit crunch
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