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Barron's: Top Banks Linked to Subprime
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07.21.07Views:
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From Barron's 7-23-07:"The late poet Charles Bukowski once observed that no one suffers like the poor. But then he never met the panicked traders and portfolio managers who are collectively stuck with billions of dollars of subprime mortgages that are hard to value, and even harder to sell.
All last week, these normally cold-blooded market operators rushed to the options market to buy defensive put contracts on financial stocks ranging from the mortgage companies that made the loans to the investment banks that securitized the mortgages and sold them to aggressive traders looking to outperform the stock market."
Here are those banks linked to subprime.
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