Time for a recession? and the Fed

[morphd]

[ QUOTE ]
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.

[/ QUOTE ]

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

[Mr. Now]

People and governments lie; free markets don't.