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)
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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.

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