Financial Times FT.com

Subprime assault on southern California

By Matthew Garrahan

Published: April 20 2007 22:52 | Last updated: April 20 2007 22:52

Far away from the sun-kissed beaches and palm trees that make up southern California’s idyllic coastline, trouble is brewing in the Inland Empire.

Two years ago the sprawling arid region that lies to the east of Los Angeles was one of California’s property hot spots.

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