Poll: which sector will hit a subprime type crisis point first?
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housing is much bigger relative to other sectors, so hard to see subprime like impact but auto loans is a good candidate
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gov brought most s-loans in-house. Unless you created a derivative it would be hard for there to be a bubble, yes? UNLESS
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they secretly they tranched them and sold off book to a private shark but that would be quiet a feat.
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salley mae spun off finance.yahoo.com/q?s=NAVI (I think) to deal with some of the private loans. This might be worth a 2 hour dig.
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you would think $1trill in debt would be prime (heh) to sell off especially when you could combine with fico scores. No charge offs.
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I stand corrected. Trafton has been shorting Textbook companies for a while. Still what is stopping a slow bleed of current loans?




