17 July 2007

CDOs and Toxic Debt

From Australian TV ABC Lateline program. Economics reporter Stephen Long talks about the US sub-prime mortgage market , Collateralized Debt Obligations (CDOs) and the collapse of two Bear Stears hedge funds, and the potential for this to set off a global credit crash.

Quote: "The day of reckoning is nigh"

1 comment:

The ASX Gorilla said...

He used the C word too...."collapse"...I just want to know, is it real/different this time??