Several television financial correspondents were announcing at the beginning of this week that Monday was the first anniversary of the credit squeeze . It is unclear whether any one day can claim that dubious distinction, but August 2007 was certainly a cruel month. During the first full week in August...
Investigations into events surrounding the virtual collapse of the mortgage lending industry are expanding on a number of levels. Various investigative agencies have formed a task force to look into the granting of mortgages which may have been made with little proof of the borrowers' income or assets...