Thursday, May 21, 2009

Our sub-prime mortgage problems could be worse than the US


Our sub prime loans are subber than the sub prime loans of the US.

We are so sub prime that we need a submarine to get sub enough.

Read more in this Bloomberg article on the U.K. Home-Loan Delinquencies Worse Than for Subprime

Many sub prime borrowers can be found eating subs at Subway.

Does that make me a snob?

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