Monday, August 13, 2007

Britain-Financial Services Authority Investigating GE Money Home Lending?

Inner City Press is reporting:

Update of August 13, 2007: The UK Financial Advisor of August 9 reported that the UK "FSA is also understood to be investigating mortgage firm GE Money Home Lending, one of the biggest movers in the increasingly troubled sub-prime market. Experts fear a repeat of the experience in the US sub-prime market where poor standards have led to the market collapsing."