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)
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3 thoughts on “CDOs again … this time from Motley Fool

  • 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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  • Someone should crunch the Motely Fool.

    Nitwits.

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  • 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

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