The Alt-A shoe About to Drop

As bad as the the sub-prime mess has been, the Alt-A debacle is just starting. It's bigger and badder than anything so far. Here's an interesting video on the subject using the Fed's own numbers to show what they have fabricated(to save some time and confusion, the best stuff is between the 5:25 and 8:30 time markers):

Note how 83 percent of the Alt-As are liar loans. These nasty loans are due to reset over the next 5 years or so. It's going to be a mess, folks.