Another article from Karl Denninger.. the guy is great, he’s got the financial smarts to identify things and he’s not afraid to use a few expletives in explaining it!
This article is about Alt-A loans blowing up, and where they go when they do so.. who holds the bag, and why in the writers opinion that this will be a bad outcome – “Let me make this CRYSTAL CLEAR for anyone who doesn’t get it yet – there is going to be a massive shizstorm of Biblical Proportions”.. read more at the link below:
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