External and relevant

The online version of the Telegraph UK has a special Subprime crisis edition and look which blog showed up in the section EXTERNAL LINKS - Relevant Blogs and Websites.

It looks as though Ambrose Evans Pritchard, a favorite at this blog, has a whole category to himself. He rarely disappoints.

And yes, the link at the very bottom on the right does go to the Federal Reserve website - it takes you to their Statement on Subprime Mortgage Lending from July 24, 2007 that emphasized "the need for prudent underwriting standards and clear and balanced consumer information so that institutions and consumers can assess the risks arising from certain ARM products with discounted or low introductory rates."

Nice timing boys - we could have used that back in 2003.