How Big Is the Subprime Exposure?
Markets opened this morning down again due to subprime exposure - this time in Europe. French bank BNP Paribas suspended withdrawals of its three funds. A German bank is also struggling with one of its asset-backed funds. When this subprime mess started early in the year it was thought to be a small portion of the market. I don't think this is the case judging by the global market reaction.