


The Great Sub-Prime Collapse of ‘07
To distract myself from my rapidly shrinking net worth, I’ve been reading about the credit markets. For me, running what was (from a certain point of view) a dot com company, the tech bubble in 2001 was easy to understand. But I don’t have much experience with the fixed income market and, outside of a general knowledge that sub-prime ARMs are imploding, I’m not familiar with the details.
The problems have been building up for a while. I thought the 5% downturn two weeks ago was a temporary bump but American Home Mortgage’sThursday announcement caused a new wave of panic, resulting in a new sell-off. Longer-term, there are two main problems that concern me.
See the full post…..
American Home Mortgage…..what do we do now?
American Home Mortgage Blog Posts



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