Subprime Fallout Starves World of Easy Going Credit

The ramifications of the subprime mortgage market fallout are now spinning quickly across the globe. While cheap loans for Americans with bad credit and Americans wanting to make a quick buck buying and selling houses seems just an American problem, it is anything but.

The way bankers sold off this shoddy debt to the rest of the world in complex arrangements of risk is now proving to be hazardous, shaking world indicies (though fundamentals of the global economy are still sound, if not outright strong) and pinching high-profile deals around the world.

The Wall Street Journal put together an informative, interactive world map with some of stalled projects. Click on the image to check it out.