Exact(60)
Many municipal and corporate borrowers were unable to borrow money in the credit markets last week.
Low-quality borrowers were able to borrow at nearly the same rates as high-quality customers.
Weak corporate borrowers were also pressured.
Subprime borrowers were deadbeats, they said.
But then borrowers were shown the sleight of hand.
Credit scores for FHA borrowers were in the mid-500s.
The borrowers were Latin American governments, not the private sector.
But many of today's troubled borrowers were not reckless.
Interest rates were high, but borrowers were numerous.
In the 19th century defaulting borrowers were sent to prison.
About 4.45percentt of Fannie Mae borrowers were seriously delinquent in September.
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