We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

The predators' subprime ball

20 March 2007 By Antony Currie

Why would a hedge fund lend to a mortgage firm that has been cut off by its banks, selling loans on the cheap and burning through cash? Because it gets a juicy interest rate and a slug of stock in return. And if the company fails, the fund can still benefit. Sound familiar?

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)