Mortgage bailout predicted in 2007

That's the one I was looking for when the stuff hit the fan. Could not find it ta save my life.
 
There's another wave coming- this one is not the subprimes, but thse are the teaser rate balloon mortgages, and then the Interest only ones- due in early 09 and in late 09 respectively.

The storm is nowhere near over.
 
bbchien said:
There's another wave coming- this one is not the subprimes, but thse are the teaser rate balloon mortgages, and then the Interest only ones- due in early 09 and in late 09 respectively.

The storm is nowhere near over.
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You must've watched 60 Minutes last night too.
 
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