Wednesday, April 16, 2008
Mr Mortgage on Alt-A
Voltron says: I can't say enough good things about Mr Mortgage. He's been in the mortgage industry for 20 years and he does his research and shows where he gets all his data. He's been right on the money and is specifically dimeing out Lehman, JP Morgan Chase and Wells Fargo. The market was up today because of lies and disinformation. The CEO of JP Morgan said we are 80% through the subprime crisis. True, but the Alt-A crisis hasn't even begun. The Alt-A crisis is going to be WORSE than the subprime crisis.