Apr 10
A foreclosure sign in Florida. Photograph: Joe Raedle/Getty Images
America’s mortgage crisis has spiralled into “the largest financial shock since the Great Depression” and there is now a one-in-four chance of a full-blown global recession over the next 12 months, the International Monetary Fund warned today. Continue reading »
Tags: Bank of England, Bear Stearns, crisis, Federal Reserve, Financial Crisis, G7, GDP, George Bush, global, Great Depression, IMF, Recession, shock, U.S.
