Quote from asap:
i know alt-a may become another problem. but it is still soon to understand the implications of these credit problems. it all depends on the magnitude, since at some point the financial system is no longer capable of absorbing the shock. the fed is able to bail out firms to stabilize the system if needed. it has been done in the past. but, since no one knows how far the problem goes, we will have o wait until the shore goes down, to see how many have been swimming naked.
Check out these two videos...looks sketchy to me:
http://www.cnbc.com/id/15840232?video=222134210
http://www.cnbc.com/id/15840232?video=221965621&play=1
