US property malaise hits home

The long reach of the American economy hit home last week.

17th March, 2007

The long reach of the American economy hit home last week. The inability of people with poor credit ratings in Idaho and Iowa to make their monthly mortgage repayments cost thousands of Irish equity SSIA investors’ money.

We’ve seen Irish share prices fall before, on the back of some distant global economic event, but the American sub-prime mortgage crisis could be a signpost to a more lasting economic problem closer to home. Last week,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago