Sub Prime Losses Grow Towards $1 Trillion

I blogged in my post How Big Are Sub Prime Losses? that the official estimate being repeated on news bulletins that the sub-prime mortgage crisis will be valued at around $400 billion dollars could be on the optimistic side. There were 2,000,000 foreclosures in 2007. It is therefore not a good sign that 2008 has begun with a 57 percent increase in foreclosure notices ...

Posted on The Tap Blog.