October 29, 2007 (LPAC)--For the second time in a week, a major French daily has rung the alarm over the exploding subprime mortgage crisis hitting France. After Le Figaro covered the "bad surprise" hitting moderate-income households last week, then the October 27 issue of Liberation ran a three-page expose on the French subprime mortgage crisis, beginning on the front page. The article was headlined "In the Adjustable-Rate Trap," and was accompanied by a photo of subprime borrowers from Indiana, captioned: "Borrowers, beware these loans. 150,000 French households are at risk of being trapped by the adjustable rate system. Thus the fear of a crisis like that which rocked the American financial system this summer."