48% down, 52% to go
According to the FT, 47.6 per cent of all CDOs of ABS by volume issued since the market substantively began in 2002 have now hit an event of default. Wow.
Labels: ABS, Securitisation
This is a blog about interacting systems and how they behave: systems thinking construed broadly. Financial markets and economics; politics; and occasionally physical systems are discussed, with an attempt at focusing on how the rules of the game determine the strategies of participants and the possible outcomes.
Labels: ABS, Securitisation
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