What am I Doing?

Tuesday, July 10, 2007

Intra Entry: S&P Downgrades Subprime Bonds

Dear Diary,

Article from MarketWatch says:

S&P may downgrade $12 bln of subprime securities... Subprime mortgage-backed securities ["MBS"] losses may keep rising, agency warns.  Read more...

I wonder how many of these deals are from [...BEEP...]?

When I was running those models I used to think some of those deals were invincible.  Based on this article I must have been drinking the Kool-aid and didn't know it at the time.

Tags: subprime, mortgage, downgrade

1 comment:

Aaron & Sara Warren said...

The links within your blogs are like finding easter eggs and wondering what is going to be inside! I get so excited!