Press panders to herd mentality

Read, Sue
October 2007
Mortgage Strategy;10/1/2007, p66
Trade Publication
The article focuses on the author's comment regarding the Northern Rock PLC's financial crisis in Great Britain. According to the author, the problem seems to have been caused by a combination of factors, among them are the lenders' greedy underwriting policies, such as lending beyond what is prudent, which led to the credit market, short-term funding in particular, decelerate.


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