Subprime Headache??

This weekend I read an excellent article in Bloomberg magazine which encapsulated the entire Subprime mess that is weakening the Stock Market.

One portion of the article in the magazine which caught my attention was how the high flyers of 2004-2005 were feeling the pinch now that the "chickens have come home to roost." Some of the top name in the subprime sector: Countrywide Financial, Ameriquest, Option One, Freemont, First Franklin are hemorrhaging. First Franklin has been sold. Freemont is on the way out. Ameriquest, with its myriad of problems, shut down all of its retail offices! Others are selling off their portfolios and closing their doors never to be seen again. This here is akin to the Dot Com Bubble of 2000-2001.

Now the Federal Reserve and Fed Chairman Ben Bernanke late last week pumped $3.2 Billion dollars into the system to provide liquidity to the various banks that are suffering. This was don't to shore of the markets and hopefully provide some stability.

Something tells me that this is in the end to the subprime woes.