Sector, no-doc loans are only '1' component of sub-prime.
http://www.afr.com/p/blogs/christopher_joye/why_we_should_be_worried_about_australia_9gqc2CPE2hrAcikkRvyOGM
http://www.rba.gov.au/speeches/2014/sp-ag-150414.html
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- sub prime didnt prick the buble
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