The subprime mess - what's the cost?

This page in:

Accurate estimates of the fall-out are certainly a moving target , but a recent paper estimates the financial and economic cost of the crisis, predicting total loan losses of $400 billion and a 1.3 percent lower GDP growth this year. This paper also contains a nice explanation of how the subprime crisis infected other financial markets and the channels through which it affects overall lending standards and economic activity.

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000