Second Wave of Mortgage Defaults Coming

In my above average joe search to find out how we got here and where we're going, I've stumbled across a video that I want to share.

Our problems to date have been blamed on subprime mortgages. There are many out there who believe that a second wave of mortgage defaults are coming... in the form of Alt A loans. This would be a devastating "Round 2". Buckle up and watch the "60 Minutes" videos below:

Part 1: http://www.youtube.com/watch?v=5IeixTAzhjE

Part 2: http://www.youtube.com/watch?v=Kin1fxZAJZE