more good news:
40% of CDO'S are Mortgage BACKED Securities.
Of that 40%.
75% are sub prime.
so in real terms most CDO'S are packaged one third sub prime.
i think that is more than people realise in owning these packages.
http://www.marketwatch.com/News/Sto...-3A9E-4A21-9591-E772D59E5CF3}&dist=RNPullDown
40% of CDO'S are Mortgage BACKED Securities.
Of that 40%.
75% are sub prime.
so in real terms most CDO'S are packaged one third sub prime.
i think that is more than people realise in owning these packages.
http://www.marketwatch.com/News/Sto...-3A9E-4A21-9591-E772D59E5CF3}&dist=RNPullDown