Credit Crunch Reaches the Rich – The Wealth Report – WSJ

calendar September 4, 2007

Two years ago, I was talking to a wealthy, private-banking client in Palm Beach and he made a startling confession. Banks, he said, were handing out loans with little or no collateral. Whether it was a mortgage for his $20 million …

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Credit Crunch Reaches the Rich – The Wealth Report – WSJ

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