Fun with Subprime Debt
Following yesterday's cartoon take (via Bloomie) on the SubPrime issue, today we see a different graphic approach -- comic-like nonetheless -- from the free section of the WSJ:
>
click for larger 'toon
Via WSJ
The following chart can give you an idea as to how much in CDOs are out there:
Subprime Market Contracts
Sources:
How Wall Street Stoked The Mortgage Meltdown
Lehman and Others Transformed the Market For Riskiest Borrowers
MICHAEL HUDSON
WSJ, June 27, 2007; Page A1
http://online.wsj.com/article/SB118288752469648903.html
Bonds Becoming a Tougher Sale
Investors Finally Balk At Prices for Risky Debt; New Rules for LBOs
TOM LAURICELLA and SERENA NG
WSJ, June 27, 2007; Page C1
http://online.wsj.com/article/SB118291541531649694.html
Wednesday, June 27, 2007 | 02:15 PM | Permalink
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Comments
For dead-on humor on the topic, the best I've seen so far is from Tim Price, CIO of Union Bancaire Privee on his blog.
"Lake Tahoe Housewife to Blame"
http://thepriceofeverything.typepad.com/the_price_of_everything/2007/06/junk-debt-crisi.html
Posted by: Jason | Jun 27, 2007 2:32:43 PM
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