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Fun with Subprime Debt

Posted By Barry Ritholtz On June 27, 2007 @ 2:15 pm In Derivatives,Fixed Income/Interest Rates,Hedge Funds,Psychology | Comments Disabled

Following yesterday’s [1] cartoon take (via Bloomie) on the SubPrime issue, today we see a different graphic approach — comic-like nonetheless — from the free section of the WSJ:

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click for larger ‘toon

Mortgage_machine [2]

Via WSJ [2]

The following chart can give you an idea as to how much in CDOs are out there:

Subprime Market Contracts
Infomachine [2]

Sources:
How Wall Street Stoked The Mortgage Meltdown [3]
Lehman and Others Transformed the Market For Riskiest Borrowers
MICHAEL HUDSON
WSJ, June 27, 2007; Page A1
http://online.wsj.com/article/SB118288752469648903.html

Bonds Becoming a Tougher Sale
Investors Finally Balk At Prices for Risky Debt; New Rules for LBOs
TOM LAURICELLA and SERENA NG
WSJ, June 27, 2007; Page C1
http://online.wsj.com/article/SB118291541531649694.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2007/06/fun-with-subprime-debt/

URLs in this post:

[1] yesterday’s: http://bigpicture.typepad.com/comments/2007/06/who-owns-troubl.html

[2] Image: http://online.wsj.com/public/resources/documents/info-Machinechrtbk0706-15.html?printVersion=true

[3] How Wall Street Stoked The Mortgage Meltdown : http://online.wsj.com/article/SB118288752469648903.html

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