What Vintage Was That?
My last Merrill post until the next big writedown (or investigation / indictment):
The Merrill sale involved "U.S. super senior ABS CDO, the majority of which comprises older vintage collateral – 2005 and earlier."
2 0 0 5 !
How many "Vintages" might we have left? 2 0 0 6, 2 0 0 7?
I am curious as to how much more junk is throughout the financial system.
~~~
What Say Ye?
Tuesday, July 29, 2008 | 09:08 PM | Permalink
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I assume by collateral they mean mortgages, and not RMBS that went into the CDOs.
Posted by: Barry Ritholtz | Jul 29, 2008 9:09:52 PM
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