Is this the end of cheap money?

News Type: Opinion — Seeded on Thu Jul 12, 2007 6:26 AM EDT

Article Source: MoneyWeek

business, economy, money, finance, economics, mortgages, subprime-mortgages

On Tuesday, credit agencies Standard and Poor's and Moody's admitted they'd been overoptimistic about the quality of subprime mortgage-backed bonds. So what will happen when investors try to sell them on?

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Is this the end of cheap money?

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