Rocket man

How are those subprime loans doing? The subprime problem is an old story, right?


WRONG!!!




Read the whole story here. It's the first in what will be a delightful series from the Wall Street Journal called

No-down, no-documentation, inflated-appraisal lenders like Countrywide will tell you that their subprime exposure is limited, and that their huge "Alt-A" portfolios (a notch above subprime) won't face the same issues. Are you going to believe this man?

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