Time for a recession? and the Fed

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But the bigger one would probably be as the result of the recent subprime implosion forcing banks to tighten up lending standards. It will be a catastrophe if the problems of the subprime start to infect the prime mortgages.

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It's happening, not the best article, but this should give you an idea of what's going on and Alt A loans:
Subprime, Alt A mortgages