Securitization/CDO

Andrew Cuomo Goes After the Banks on Wall Street « EnduringSense

In addition, with the securitization CDO's helped create an environment with excessive funds that led to just about anyone being able to obtain a mortgage irrespective of ability to repay them. This then led to the Subprime mortgage ...

Givanomics: Globalization and the merits of securitization

What most people often forget is that the current crisis goes far beyond the use of derivatives, securitization, CDO's and Structured Investment Vehicles (SIV's). The dynamics which created the global imbalances were US consumers who ...

Financial Crisis for Beginners « The Baseline Scenario

Even general news accounts presuppose an understanding of terms like “securitization,” “CDO,” and writedown.” So I thought I would provide my own translation. Historically local banks took deposits from savings account customers and ...

Matrix » [Real Estate Quant] The Formula That Killed Wall Street + ...

One of the most perplexing things I have not been able to get my arms around in the aftermath of the mortgage securitization/CDO collapse is: how did some many smart people get it so wrong? Felix Salmon, one of my favorite econ writers ...

AIG Bailout, Securitization, CDO, CDS, and so on

There are a lot of articles written about AIG. Approximately $120 billions of taxpayers money were loaned to AIG to keep it afloat. Most of this money probably will never be paid back. Roughly $105 billions went straight from AIG to ...