Giuliani’s Daughter for Obama . . .

Most of us New Yorkers don’t care very much for Rudy. It turns out that his daughter, a frosh at Harvard, feels pretty much the same way, according to Slate.

I don’t do politics much, but I find this terribly, terribly amusing:

"There’s one vote that Rudy Giuliani definitely can’t count on in his 2008
presidential bid: his own daughter’s. According to the 17-year-old Caroline
Giuliani’s Facebook profile, she’s supporting Barack Obama.

On her profile, she designates her political views as "liberal" and—until
this morning—proclaimed her membership in the Facebook group "Barack Obama (One
Million Strong for Barack)." According to her profile, she withdrew from the
Obama group at 6 a.m. Monday, after Slate sent her an
inquiry about it."

Too funny!

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I may have to add Schadenfreude as a category!

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Source:
Daddy Dearest
Rudy Giuliani’s daughter is supporting Barack Obama.
By Lucy Morrow Caldwell
Slate, Monday, Aug. 6, 2007, at 11:49 AM ET
http://www.slate.com/id/2171730

Category: Politics

Understanding Credit’s Alphabet Soup

There were a couple of great graphics in the New York Times recently, explaining in some degree of detail, the machinations of the RMBS, CDO and CLO markets.

These are the packaged (and repackaged) holdings that are based upon the sub-prime mortgages that have been defaulting in such large numbers, and have been leading to hedge fund blow ups.

First up: todays front page article by Gretchen Morgenson: Mortgage Maze May Increase Foreclosures.

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Graphic courtesy of NYTimes

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Next up, the accompanying graphics to Floyd Norris’ The Loan Comes Due:

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