Goldman cuts Morgan target on home equity woe

Is home equity the new subprime? Goldman Sachs may think so -- the brokerage lowered its 2008 earnings estimate for JP Morgan Chase & Co. to $3.30 from $3.44 Thursday amid warnings that problems in the bank's home equity loan portfolio could cost it $450 million, more than twice previous estimates.''

We have a little secret of our own to add: JP Morgan is by far not the only one with large amounts of this sort of exposure. Honestly, you could just throw a dart at the major lending banks and hit some sizeable home equity exposure...