OK, everyone, BRACE! Assume the crash position. Put your head between to your knees... The Alt-A meltdown is gonna surprise some folks, and may end up being a bigger story (and impact) than the Subprime Disaster.
IMF warns subprime woes may spread, dollar falls
NEW YORK (Reuters) - Fallout in the U.S. subprime mortgage market could spread to related markets, the International Monetary Fund warned on Tuesday, as nagging worries about housing helped weaken the dollar.
The company's shares fell on investor concern that problems in subprime mortgages may be spreading to higher-quality housing loans, a view the IMF also gave credence to.