del.icio.us bookmarks - 2008-11-14
Posted by Delicious auto poster Sat, 15 Nov 2008 07:19:47 GMT
- The End of Wall Street’s Boom – National Business News – Print – Portfolio.com
- “By the spring of 2005, FrontPoint was fairly convinced that something was very screwed up not merely in a handful of companies but in the financial underpinnings of the entire U.S. mortgage market. In 2000, there had been $130 billion in subprime mortgage lending, with $55 billion of that repackaged as mortgage bonds. But in 2005, there was $625 billion in subprime mortgage loans, $507 billion of which found its way into mortgage bonds.”
- Posted: Fri Nov 14 14:39:03 UTC 2008
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