Who Has Seen the 60 Minutes Video "Where's the Bottom"?

Many econimists have been predicting what 60 Minutes is outlining here--basically, that we've only just begun to see the fallout of this mortgage crisis.  Sub-prime mortgages were primarily responsible for the first wave of foreclosures deflating the real estate bubble, and yet to come are the Alt-A and Option Arm defaults only just beginning to have rate resets.

I wonder, though--how many of those Option-Arm and Alt-As have already been refinanced?  I had a couple of Option Arm mortgages myself, on investment properties, and I refinanced last year when rates began to drop.  The statistics referred to in the video, which I am reposting here for reference, do not indicate whether this has been factored into the equation.

I, for one, hope thay are wrong--I've seen enough misery already! How many of you have clients, friends, or yourselves have refinanced Option Arms or Alt-A mortgages in the past 12 months? Please post!