All articles by Jessica Skelly

Jessica Skelly

The mortgage meltdown

Germany has been the surprise victim of the US subprime mortgage crisis, with a significant number of the countrys institutions including seemingly conservative state-sponsored ones becoming entangled in risky collateralised debt instruments and other investments Problems in the US subprime mortgage market continue to rock financial institutions, particularly so in Germany, where many banks, even state-sponsored institutions famous for their low profitability, have shown a remarkable appetite for risk