Countryside Financial, a large subprime lender, weighed in on the problem yesterday, and Wall Street listened.
The market and the political pundits have tried to spin the story as one that that has damage that can be minimized and that "recovery is on the way." The numbers suggest that the recovery will be slower and more painful than thought.
Click on the post for the full story in the Wall Street Journal.
Wednesday, July 25, 2007
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