2ndwave of bank failures: denninger has been predicting this: foreclosures on PRIME"ARM"'s which blowaway the amount lost on subprimes, he warns they will become a factor in the 2nd qtr of 09. http://market-ticker.denninger.net/archives/1206-Banks-Here-Come-The-OptionARM-Blowups!.htmlforthe adjustable " beating this
