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by xenocyon 2490 days ago
Calling the absolute numbers re subprime loans a "garnish" is subjective at best and wrong at worst. Even if the subprime-to-prime ratio hasn't changed much, a large increase in the ballooning subprime total may still be newsworthy in its own right.
1 comments

>Even if the subprime-to-prime ratio hasn't changed much, a large increase in the ballooning subprime total may still be newsworthy in its own right.

Wouldn't the news there be that the total number of mortgages have grown dramatically? Unless you have a narrative to push that is.

The question is how large the dollar risk of default is.