Now GE is saying that the subprime fiasco is spreading to other types of mortgages. What happened to all that talk of "containment"?
"We're seeing some pressure in Alt-A loans as well," Jeff Immelt, GE Chief Executive said. "Subprime delinquencies started ticking up in the summer of last year, and Alt-A delinquencies started ticking up in the fall."
Full story: http://money.cnn.com/2007/04/13/news/companies/ge_call/
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