Old News Reviewed

[Sportymonk]

Ran across an old email from Forbes entitled "Overblown Fears in Subprime Land?" from March 2007 (Note its over a year old.)

Thought it was interesting to look back knowing what has ahppened and see how it was perceived so long ago.

Here is the link.

http://www.forbes.com/2007/03/13/sub...kly_newsletter

Quote - "News out of the subprime mortgage sector continues to worsen, as New Century Finance, already teetering toward bankruptcy, announced new regulatory probes and Massachusetts-issued subpoenas to two big securities companies for information on their research into the business.

A broad swath of investors shuddered on the news and continued uncertainty about just where the subprime shakeout was headed, and whether it would become a marketwide contagion. .... News out of the subprime mortgage sector continues to worsen, as New Century Finance, already teetering toward bankruptcy, announced new regulatory probes and Massachusetts-issued subpoenas to two big securities companies for information on their research into the business. .....

A broad swath of investors shuddered on the news and continued uncertainty about just where the subprime shakeout was headed, and whether it would become a marketwide contagion."

Little did they know.