Quintessential Tanta: Reflections on Alt-A (with a Donald Trump mention)

CR Note: Joe Weisenthal at Bloomberg Odd Lots wrote about Tanta this week (my former co-blogger): How One Woman Tried To Warn Everyone About The Housing Crash Or as Bloomberg's Tracy Alloway tweeted: "Big Short be damned. Listen to the conversation @TheStalwart and I had with @calculatedrisk about who saw it coming" Here is a quintessential Tanta piece that really explains mortgage lending. And there is even a Donald Trump mention: What is so dishonest about the association of "subprime" and "poor people" is that it simply erases the fact that a lot of rich people have terrible credit......(read more)

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