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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (109184)3/11/2008 10:07:42 PM
From: stomperRead Replies (3) of 306849
 
Screw Guantanamo...set Osama down in front of this brobdignagian nightmare and have him unwind it:

"All of the affected transactions are mezzanine structured finance (SF) CDOs of asset-backed securities (ABS), which are CDOs of ABS collateralized in large part by mezzanine tranches of residential mortgage-backed securities (RMBS) and other SF securities."

today.reuters.co.uk
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