Sub-prime is being attacked from many different directions. The issue of property owner's is near completion, even homeowners not exposed to sub-prime, but nonetheless affected with the threat of foreclosure have help available.
The tail end of dealing with this issue is near, the remaining obstacle is how to deal with the investor's who bought the bundled mortages as securities on the open market. Once this facet of the problem is resolved, the process of putting sub-prime in the rear view mirror will begin.
The bears in the market are waiting in the weeds somewhere along the line, they will be heard from one last time. Interest rates will be cut at least one more time, the 3rd and 4th quarter of 2008 should be the turning point for financial institutions exposed to sub-prime.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080212&id=8175887
http://blogs.moneycentral.msn.com/smartspending/archive/2008/02/08/rebate-or-bonus-the-semantics-of-spending.aspx
http://money.cnn.com/2008/02/12/news/newsmakers/warren_buffett.fortune/index.htm
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