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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (86972)9/27/2007 1:34:34 PM
From: Giordano Bruno  Respond to of 110194
 
$10 trillion in debt with a three bit dollar.



To: Perspective who wrote (86972)9/27/2007 2:39:36 PM
From: Paul Kern  Read Replies (3) | Respond to of 110194
 
Can someone remind me what the exact precipitating event was that caused the sudden lock-up of the CDO market in mid-July? Was it the CFC report, or something before that?

A wave of defaulted mortgages were put back to mortgage companies and whole bunch went belly up.


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