sub prime

According to Legg Mason Survey

Will enable government to sell further shares

Shares fell nearly 70% on profit warning

Survey by Minerva Lending

NINE WORST ASSET BUBBLES

Investec is planning to securitise £250m worth of ‘non-standard' mortgages, including self-certified and subprime home loans, in the UK.

Hedge fund manager John Paulson, who made billions out of the collapse of the sub-prime mortgage market, has been hit by the uncertainty surrounding in the US economy.

Prime Minister Gordon Brown wants the FSA to probe Goldman Sachs after the SEC announced it was suing the company for sub-prime related fraud.

Former Federal Reserve chairman Alan Greenspan has defended his economic policy record at a US congressional hearing into the financial crisis.

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