Date: February 2nd, 2009

Tranche warfare

2 February, 2009 (10:38) | Capital markets, Global news, Securitization, Subprime, Theory, US News | No comments

(Otherwise known as ‘fight among yourselves, I’m feeling verklempt.’)
 
Securitization, that creature of the early 1990’s, has wrought new changes in our marketplace, none more timely now than the discovery that when a loan goes upside down, the untangling of securitized positions is hideously more difficult than before. 
 

I can’t see any alternatives
 
In fact, because the [...]