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Non-Tech : Bill Wexler's Trading Cabana
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To: RockyBalboa who wrote (1614)3/13/2007 8:41:17 AM
From: RockyBalboa  Read Replies (1) of 6370
 
Subprime - This is already worse than 1998... and yet we don't see any ramification in other markets, except some volatility and of course in housing.

Alt-A loans. Otherwise conforming loans with much less stringent documentation.
A recipe for disaster. Subprime in disguise

NDE, Impac and likely CFC are doomed.

I am amazed by the sheer volume of loans with - regardless how you name it - insufficient documentation.
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