October 4th, 2008

The Great Unwind: Alphabet Soup and the Search for
Phantom Market Values

Posted in Money by ed

A website called The Great Unwind recently commented on a story here on TNC while discussing Credit Default Swaps.

There was some terminology confusion in the GU piece. So I posted a comment at their site, and have stored it here.

It’s worth reading if you’re confused by the alphabet-soup of structured finance in the press — and for the brief pointed chat about why the notion of market value does not and never has applied very well to CDOs.

You can leave a comment, or trackback from your own site. RSS 2.0

Leave a comment