Friday, 1 February 2008

How big will sub prime be?

Since the beginning of 2007, banks and securities firms have written off $146 billion.

About $550 billion of subprime loans will reset before 2009.

What else is out there? Does anybody know?


Anonymous said...

Around 13 percent of subprime is defaulting. Assuming 13 percent of 2008 resets go bad, that would take out $70 billion. I know these things are not directly comparable, but that is about half of the bush fiscal stimulus.

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