Category Archives: CDOs

In One Bundle of Mortgages, the Subprime Crisis Reverberates – NYTimes.com

In One Bundle of Mortgages, the Subprime Crisis Reverberates – NYTimes.com.

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Holman Jenkins: The SEC’s Fabulous Hindsight – WSJ.com

Holman Jenkins: The SEC’s Fabulous Hindsight – WSJ.com. Fabrice Tourre verdict opinion piece.

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Bet on CDOs Returns to Wall Street – WSJ.com

Bet on CDOs Returns to Wall Street – WSJ.com.

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Reading the Fine Print in Abacus and Other Soured Deals – NYTimes.com

Reading the Fine Print in Abacus and Other Soured Deals – NYTimes.com.

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Subprime Gains 30% as Goldman, Cerberus Target Market – Bloomberg

Subprime Gains 30% as Goldman, Cerberus Target Market – Bloomberg.

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Prices of Mortgage-Backed Securities Prove Irresistible – NYTimes.com

Prices of Mortgage-Backed Securities Prove Irresistible – NYTimes.com.

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Great Article on Synthetic CDOs – Turning $38m loss into $280m

Download 2010-5-3 Senate's Goldman Probe Shows Toxic Magnification – WSJ.com n one case, a $38 million subprime-mortgage bond created in June 2006 ended up in more than 30 debt pools and ultimately caused roughly $280 million in losses to investors … Continue reading

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Calculated Risk: 96.5% of Mortgages Backed by Government entities in Q1

From Nick Timiraos at the WSJ: U.S. Role in Mortgage Market Grows Even LargerGovernment-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance. The following graph from San … Continue reading

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Op-Ed Contributor – Meet the Real Villain of the Financial Crisis. – NYTimes.com

TODAY, we will have the pleasure of watching outraged members of the Senate Permanent Subcommittee on Investigations fire questions at a half-dozen executives from Goldman Sachs. The firm first attracted anger for its return to making billions, and paying its … Continue reading

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A Vigorous Defense of CDSs and Goldman

Download 2010-4-28 Holman Jenkins: Is Financial Innovation the Enemy The CDO was not "designed to fail." The securities that failed were the simple, wholesome straightforward mortgages that the CDO "referenced," which were designed to extract a fair return from people … Continue reading

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