What happened, and how could it spread?

October 2008
Central Penn Business Journal;10/10/2008, Vol. 24 Issue 42, p6
The article focuses on the status of the financial crisis in the financial services industry in the U.S. for the last quarter of 2008. It states that the tough economic condition on the sector has been triggered by the mess happened in the subprime-mortgage market. According to the author, such mess has created a cascade of worries which include mortgage loan sour, the dropping of costumer and business confidence, as well as the tightening in finance.


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