Wednesday, October 17, 2007

Carry on Crunching

S&P Cuts $23.4 Billion of 2007 Subprime, Alt-A Debt

"Standard & Poor's lowered ratings on $23.4 billion of subprime and Alternative-A mortgage securities that were created as recently as June. The cut covers 1,713 classes of bonds sold in the first half of 2007". Doh!

Posted by alan @ 10:35 PM (622 views)
Please complete the required fields.



One thought on “Carry on Crunching

  • Mr Scarcrow, here’s a diploma I bought off the internet, so now you’re a genius!
    and for you Mr Tin man I have a watch, now that’s way better than a real heart and it can’t be broken.
    Now Mr Citi group for you I have a Master Liquidity Enhancement Conduit. This allows you to hide all you’re bad SIV dept in the hope the market will pick up and you won’t have to write down your losses. I was going to call it a Bold Original Leveraged Liquid Ochestrated Conduit Key Structure, but the anagram wouldn’t look as catchy in the headlines.

    Reply
    Please complete the required fields.



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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>