Relevant:
- Third of NY subprime foreclosures are on LI
- Where Subprime Delinquencies Are Getting Worse
- Anatomy of a Government-Abetted Fraud: Why Indymac/OneWest Always Forecloses
- Moody's downgrades another $2.8 billion of IndyMac RMBS
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
2007-07-19 — businessweek.com
"The bad news for IndyMac: The subprime crisis is spreading to other kinds of debt." -- Only a surprise to those who listened exclusively to soundbite-based talking-heads belaboring "subprime" as an isolated implosion. Around here, long ago we were forwarding along data and analysis showing sharp rises in delinquencies in virtually all classes of consumer debt.
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