Crunch! Yee-ouch - that's gotta hurt!

There are two reasons we should hope what has been dubbed the 'sub-prime crisis' eases, and that it eases quickly. The first is, because it is a vile predicament for people to face the prospect of losing their home, and the fewer who face this, if banks show lenience or tighten their lending policies, so as not to impose the risk on so many mainly-Americans in the first place, the better it is. The second reason, and the one pertaining to hedge funds, is the turbulence is doing quite some damage

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