Booyah Breakdown: Taxing Questions

One reader wrote in to say that "subprime lending is also big in the automobile lending industry. Same borrower profile. Same underwriting excesses. Auto subprime blows up on a predicable schedule." Great point.

And finally, "don't forget about the PMI (private mortgage insurance) market," says another reader. Remember, when you put down less than 20% on the home you're purchasing, you usually have to pay private mortgage insurance to safeguard the bank that is loaning you the money. PMI is usually 0.5% of your loan balance each year, and you usually pay it monthly.

So subprime mortgage default insurers such as PMI Group (PMI Quote) may be feeling some backlash soon.

"Especially at PMI," notes the reader, who says "the massive insider selling is hard to ignore. I did find that Bill Miller, of Legg Mason (LM Quote) fame, did sell his entire PMI holding."

So keep these companies on your radar. And keep sharing your thoughts. Your fellow readers, and I, thank you.

Next in the tax series: Reducing Your Mutual Fund's AMT Exposure