10% of the U.S. Population Has Only Recently Accessed Unparalleled Levels of
Chart 44 is a pie chart. One slice represents 10 percent of the pie. The
chart note makes the following 3 points about this slice: (1) "This 10% of the
population has only recently accessed unparalleled levels of credit and could
experience a recession," (2) "Greenspan believes that roughly 5%
fo the U.S. population is at high risk with 90% of their loan-to-values (LTVs)
on their mortgages," and (3) "The remaining 5.1% differential qualified
for mortgages prior to 1994 and are largely characterized as subprime."
Sources: U.S. Census Bureau, Federal Reserve, and CIBC World Markets.