TITLE

The Next Big Dump

AUTHOR(S)
Vardi, Nathan
PUB. DATE
December 2008
SOURCE
Forbes Asia;12/8/2008, Vol. 4 Issue 21, p50
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on collateralized debt obligations (CDOs), pools of loans and other assets cut into slices with different risks. It presents the problem in CDOs which is in mess in the private sector as $1.5 trillion in CDOs issued during the credit bubble sparks a fight over who should be paid and when. It presents an estimated $272 billion CDOs which have defaulted wherein $96 billion are in liquidation and $80 billion has become due and payable.
ACCESSION #
35875762

 

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