Yeh subprime kya hai?

September 11, 2007 at 7:09 pm Leave a comment

Unless you’ve had your head buried in sand for the past few months, or have been living in a cave in the mountains with no contact with the human world, you probably know about the whole subprime-liquidity-credit crunch situation that has been haunting the world markets for the last many months.

I am no expert on the topic, but have a very basic idea of the situation. What I do have is a very good primer on the ongoing crisis. The link is :

http://canada.theoildrum.com/node/2871 – also click on the links within the article to uncover a wealth of information of the various related topics/issues.

Of course, this piece is far from perfect but it is a very good start if you are completely uninitiated. It gives a macro picture to the whole case.

Also check out this link for a ground level report, the root cause of all this :

http://www.ocregister.com/news/loans-camile-percent-1806121-subprime-loan

Cheers !!!!

Vi$hal

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