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February 22, 2007

All Business: Will lax lending become everyone's problem?

  • The trickle-down effect of bad mortgages could be far reaching, even potentially rocking pension funds that have been financing such debt.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — The implosion of the subprime mortgage market should be a stark reminder to investors about the risks of lax lending standards fueling the corporate buyout boom.

    A surge in global liquidity matched with low interest rates have fed a lending bonanza in recent years, driving banks and others to ease loan requirements on everything from starter houses to multibillion-dollar corporations.


     
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