“Now, everyone calls them, ahem, ‘non-prime.’  A few subprime (excuse me — non-prime) mortgage bond offerings started trickling out in recent quarters. But the one that caught everyone’s attention came out earlier this month: 368 mortgages packaged into a bond with a total principal balance of nearly $162 million.  Many of the senior executives who led those companies are back in today’s non-prime ball game, too — once again aiming to capitalize on today’s Fed-induced low mortgage rates and re-inflated housing bubble.”

http://thesovereigninvestor.com/us-economy/new-subprime-meltdown/

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