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08-11-2008, 12:09 PM
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Too lazy to set a custom title
Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
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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
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