Thursday, July 19, 2007
CDOs again … this time from 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 (471 views)
3 thoughts on “CDOs again … this time from Motley Fool”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
Orwell says:
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?
Dstars says:
Someone should crunch the Motely Fool.
Nitwits.
Seanb says:
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