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ADL Colin · 08-11-2008, 12:09 PM

From today's Wall Street journal

Mortgage-Market Trouble
Reaches Big Credit Unions

"Five of the nation's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors."

...

"So far this year, nine regular credit unions have failed, including at least two due to mortgage-related problems. Seven failed in 2007."

http://www.wsj.com/article/SB1218423...od=psp_mostpop

08-11-2008, 12:09 PM
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	For those of you who who were recommending credit unions over banks From today's Wall Street journal Mortgage-Market Trouble Reaches Big Credit Unions "Five of the nation's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors." ... "So far this year, nine regular credit unions have failed, including at least two due to mortgage-related problems. Seven failed in 2007." http://www.wsj.com/article/SB1218423...od=psp_mostpop __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"