“or when I read about

[waiting hawk]

“or when I read about “subprime” loans are these the “liar” loans where people took out loans with stated income, no proof of anything, and clearly couldnt’ afford the payment in the first place???”

ALT-A loans (red head step child of prime)

http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=101112