Friday, August 10, 2007

Treasurer plays down effects on Australia of US subprime mortgages woes (Chinapost.com.tw)

Australian Treasurer Peter Costello Friday played down the effects on Australia of the U.S. subprime mortgage sector woes, saying non-confirming or subprime mortgages in Australia represent only 1 percent of all mortgages.

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[Source: Yahoo! News Search Results for mortgages]

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