November 6, 2007

Grim warnings send ripples through markets (Reuters)

A home for sale in a file photo. Central bankers past and present warned on Tuesday of more pain to come for the U.S. economy and that banks worldwide could take several months yet to reveal their full losses from U.S. subprime mortgage lending. (Richard Clement/Reuters)Reuters – Bleak warnings of more pain to
come in the credit sphere snowballed on Tuesday and fears of
subprime losses yet to be unearthed rattled money markets.

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