Tremors at the Door / nyt on subprime

the full article (headline) from the nyt paints a tame pciture of whats really going on. i think this from fleckenstein, russ winter, itulip and aaron is much more accurate.
http://immobilienblasen.blogspot.com/2007/01/home-loan-house-of-cards-ready-to-fall.html
http://immobilienblasen.blogspot.com/2007/01/losing-ground-foreclosures-in-subprime.html

here is washington mutual as an example how bad the situation even with some of the bigger banks is
http://immobilienblasen.blogspot.com/2007/01/wamu-credit-qualityand-capitalized.html

der artikel (überschrift klicken) zeigt nur einen "geschönten" blick was wirklich gerade stattfindet. denke das iht mit den o.g. links ein besseres bild bekommt.


größer/bigger http://graphics10.nytimes.com/images/2007/01/26/business/26mortgage1.graphic.jpg