Friday, April 20, 2007

Analyst compares subprime mess to Hurricane Katrina

(Reuters) - Kukla participated in a panel discussion at the National Conference of State Legislatures' spring meeting.

Subprime lending caused homeownership to drop, not rise, in recent years, Kukla said, citing a study posted on the group's Web site. The Center for Responsible Lending describes itself as a nonprofit, nonpartisan research and policy organization, working to eliminate abusive financial practices.


Read more at Reuters.com Bonds News

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