Stocks Appear Headed to Higher Open »
Posted By MyWayOnNow 11 months, 1 week ago in Business & FinanceU.S. stocks headed for a moderately higher open Tuesday as global stock markets rebounded from a widespread pullback brought on by renewed concerns about credit.
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MyWayOnNow11 months, 1 week ago
"Citi and Merrill, among others, have faced trouble with securities they hold that are tied to subprime loans, those made to borrowers with poor credit. A sharp pullback in housing prices has tripped up some borrowers and sent mortgages defaults higher. That soured debt, in turn, has hurt the banks."
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