In case you haven't been keeping score, these two articles do a nice job summarizing the action over the last month or so:
Debt Market Woes: ARMs Are The Next Shoe To Drop
Subprime Losses Drub Debt Securities as Ratings Drop
The crescendo is just on the horizon...let's hope the climax is a nice long ridable wave. I don't know how to ride a short board.
Wednesday, July 11, 2007
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