The problem is that most of the Alt-A and OAR mortgages have already defaulted in 2008 and 2009. Hence the double-dip scenario may not come to fruition.
Agree. Financial institutions have to fix their fictional reports as early as Q3. That's why we may see more downgrades on the way toward the ER season.
这是出在
World Economic and Financial Surveys
Global Financial Stability Report
Financial Market Turbulence:
Causes, Consequences, and Policies
October 2007