What Vintage Was That?

My last Merrill post until the next big writedown (or investigation / indictment):

The Merrill sale involved "U.S. super senior ABS CDO, the majority of which comprises older vintage collateral 2005 and earlier."

2 0 0 5 !

How many "Vintages" might we have left?  2 0 0 6,  2 0 0 7

I am curious as to how much more junk is throughout the financial system.


What Say Ye?

Category: Credit, Derivatives

Another Wild Ride On Wall Street

Category: Markets, Short Selling, Trading

Actual Merrill CDO Sale: 5.47% on the Dollar

Category: Credit, Derivatives, Mathematics, Valuation

Quote of the Day: Michael Belkin

Category: Markets, Technical Analysis, Trading

Record Low for Annual Declines for Case Shiller Index

Category: Real Estate

Rinse. Lather. Repeat.

Category: Corporate Management, Derivatives, Earnings, Valuation

Merrill’s $5.7B Write-Down, $8.5B Share Issuance

Category: Corporate Management, Credit, Derivatives, Earnings, Valuation

What Housing Market Turnaround?

U.S. stocks fell and the Dow Jones Industrial Average lost more than 200 points for the second time in three days after the International Monetary Fund said there is no end in sight to the housing slump.

click for video

Running time 02:19

U.S. Stocks Tumble Led by Banks on IMF’s Housing Outlook:
Bloomberg, July 28 2008

Category: Economy, Employment, Real Estate, Video

Mortgage Rescue Plan

Category: Credit, Real Estate

House Prices: New York City

Category: Real Estate, Web/Tech