Europe gets hit by the U.S. subprime mess

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Uncategorized November 15th, 2007

England, Germany, and other countries in Europe get impacted by the losses in the U.S. subprime market. In another example of irrational exuberance, Europeans wanted a piece of the American booming market. Of course, they failed to look at the potential risks and they are not looking a big losses. They got greedy and they are not paying the price.


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