Thursday, Jul 19, 2007
CDOs again ... this time from Motley Fool
Motley Fool: It's Heading For Crunch Time...
"Apocalyptically, the CDO crisis could erode the entire $1,000bn capital base of the US banking system. Less dramatically, it could cause a serious drop in the banking system's ability and willingness to lend."
Posted by voice of reason @ 01:33 PM (144 views) Add Comment
6 Comments
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1. Orwell said...
but I reckon the US sub-prime mortgage crisis has only just started. Defaults on risky home loans are likely to soar as temporary "teaser" rates come to an end this year and next.
Enough said...IR's at 6.5% by xmas?
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3. Dstars said...
Someone should crunch the Motely Fool.
Nitwits.
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. This comment has been removed as it was found to be in breach of our Blog Policies.
6. Seanb said...
british banks have been selling cdo's like crazy
most of our hedgefunds have been buying them up and then borrowing against them
so it's not just an american problem
check out the great depression 1920