by Calculated Risk on 7/29/2007 07:03:00 PM

From the Financial Times: US subprime crisis shows signs of spreading

AHM said it is delaying paying dividends ...

The move represents one of the first indications that the crisis facing sub-prime mortgage lenders in the US is expanding to affect lenders like American Home Mortgage whose borrowers tend to have higher 'prime' ore 'near prime' credit ratings.

"First indications"? Are they joking?