if subprime only has impact on small lenders, why are banks like ANZ and CBA and NAB etc upping interest rates ahead of the RBA and forcasting profit loss's ?
LOL
subprime has no impact on the big banks? you clearly are on another planet
also, subprime in the US is only 1 year in, there is 3 more years of subprime honey moon periods to expire to go.. so subprime damage is going to be 400% of what it is now.
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