housingwire.com - 2/4/2009
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There’s a saying about death by a thousand paper cuts, and that’s clearly been taking place for most of the private mortgage-backed securities market over the course of the past twelve months. On Monday, Standard & Poor’s Ratings Services lowered the boom — again — on thousands of Alt-A and ...
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The Mess That Greenspan Made —
... - The Oil Drum GE Capital Sells FDIC-Backed Hong Kong Dollar Bonds - Bloomberg China outraged after India bans all toy imports - Telegraph Indonesia Cuts Rate for Third Month to Spur Growth - Bloomberg Canadian parliament approves economic stimulus plan - AFP HOUSING Record 19 Million U.S. Homes Stood Vacant in 2008 - Bloomberg Plan Orange: The Mortgage Crisis Killed Quickly - Your Mortgage or Your Life Here We Go Again: S&P; Slashes Thousands of RMBS Ratings - HousingWire Housing Prices Will ...
S&P Lowers Hammer on Thousands of Toxic Securities
Manhattan Real Estate: New York City Real Estate Tips —
... buyers there but the sellers are not interested in unloading at the bids being offered because of the massive hit the deal would have to their financial stability, and the rest of the toxic junk held. In meantime, institutions wait patiently for the next move from the government to see if a bad bank will really take off; ultimately allowing a place to warehouse all these junk securities that are crippling our banking system.
From Housingwire.com's, "S&P; Slashes Thousands of RMBS Ratings": ...
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