60 Minutes Piece: 2nd Wave of Mortgage Meltdown on the Way

By on December 15, 2008

Whitney Tilson was on 60 minutes last night talking about the coming wave of Alt-A and Option ARM resets heading our way. While the peak in sub-prime ($1 trillion) has already passed, another bigger wave totaling $1.6 trillion is heading our way.

Tilson believed equities had fallen enough to represent good value.



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