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old news by now

I was trying to explain CDO's to someone last week, and I wish I had this graph. If you don't understand it, scope the source.

>

Source:
Riding the Crest
The Crash: What Went Wrong?
Washington Post, October 15, 2008
http://www.washingtonpost.com/wp-dyn/content/graphic/2008/10/15/GR2008101501040.html

Comments

( 4 comments — Leave a comment )
dennis_obell
Dec. 30th, 2008 03:52 pm (UTC)
Thanks
...for posting that. I shared it with my colleagues.

(We do communications consulting for financial services firms and are always on the lookout for better ways to explain all this arcana.)
delascabezas
Dec. 30th, 2008 08:28 pm (UTC)
that is pretty awesome
i kinda want to animate it fully.
thekatzman
Dec. 31st, 2008 04:46 am (UTC)
did wall st create the demand for cdos/yield or did the demand encourage wall st to originate mortgages like crazy? in my opinion, it's more of the latter. furthermore, all the prime mortgages were bought up by fannie & freddie, so wall st was pushed out into the subprime, alt-a, jumbo, and second mortgage markets.
( 4 comments — Leave a comment )

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delascabezas
The Son of the last of a long line of thinkers.
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