Subprime isn’t the only issue and a new wave of defaults is on the way. Hat Tip Barry Ritholtz.
Subprime isn’t the only issue and a new wave of defaults is on the way. Hat Tip Barry Ritholtz.
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[...] Ritholtz found this gem on 60 minutes back in December. There’s more than 1 trillion involved here and it’s only the [...]
[...] The real second wave doesn’t hit until the 2010 resets of the rest of the sub prime market(which includes quite a bit of commercial) resets in 2010. [...]