Europe gets hit by the U.S. subprime mess
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.
