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Blog Post from The Cornell Daily Sun

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Is It a Ripple Effect? The Subprime Crisis Leaks Into the Microfinance Sector

April 13, 2008 - 3:58pm
By Gabriela Salazar

The U.S. credit market has been flooded with delinquencies and foreclosures. Why? This economic flu we feel can be traced to a blend of deceptively designed sub-prime loan products and devious borrowing strategies. It is the lenders, though, that merit the bulk of the blame.