Bad Debts American Mortgage Crisis Rattles German Banking Sector

Germany has bailed out one bank burdened with American "subprime" mortgage risks, but the fun may not be over -- as the earthquake in world markets this week demonstrates.
Von Frank Hornig, Lothar Pauly und Christian Reiermann
Cheap deals on American home loans are haunting investment banks in Europe. Average housing prices are falling across the United States, "for the first time since the 1930s."

Cheap deals on American home loans are haunting investment banks in Europe. Average housing prices are falling across the United States, "for the first time since the 1930s."

Foto: Getty Images
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