Monday, July 30, 2007

IMF chief warns of globalization risks

(Reuters) - Rodrigo Rato said the trouble in the U.S. subprime housing market was an example of such risks and called for a fresh look at lenders' underwriting standards and more borrower education.




"There is ground for concern in the recent dramatic growth in large private equity buy-outs," the IMF chief told a business audience in the Philippine capital.


Read more at Reuters.com Business News

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