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New Wave of Defaults Coming

Subprime isn’t the only issue and a new wave of defaults is on the way.  Hat Tip Barry Ritholtz.

2 Comments

  1. [...] Ritholtz found this gem on 60 minutes back in December.  There’s more than 1 trillion involved here and it’s only the [...]

  2. [...] 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. [...]

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