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  • Fed's Latest Move Means Low Profit, High Risk for Banks [View article]
    JasonC said:

    "There isn't a single category of loans outside of the original subprime mortgage area (already written off to zero, long since) where rates on the loans don't cover the loan losses and to spare."

    I disagree. There will be MASSIVE losses on Alt-A loans starting in 2009.
    Dec 16 18:49 pm |Rating: +4 0 |Link to Comment
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