Thursday, August 09, 2007

Stocks Drop on Rising Credit Anxiety: Financial News - Yahoo! Finance
It amazes me that there is so little attention being paid to this situation. Barry Bonds's rocket fuel and Michael Vick's dog fighting have received a million times more press than the bottom falling out of the American mortgage market.

NEW YORK (AP) -- Wall Street fell sharply again Thursday after a French bank said it was freezing three funds that invested in U.S. subprime mortgages because it was unable to properly value their assets. The Dow Jones industrials had been down more than 240 points, but pared their losses.

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