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One German Bank Sees Less Subprime Issue

0 Comments Published August 12th, 2007 in Banks.

Contrary to DB, German state bank WestLB AG has a 1.25 bln eur exposure to subprime-related securities through subsidiaries, a spokesman said yesterday, adding that the investment is ‘relatively limited’ and the securities are highly rated.

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« Subprime Contagion is for real
SEC will check for hidden losses on Wall St. »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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