<p>Theres not a whole lot thats not already out there in the open. Last year and the first half of this year, new CDO/MBS issuance was going gangbusters. The banks were trying to get these deals priced before the spreads widened any further. </p>
<p>CLO's are doing much better than ABS/MBS...
I've never actually met anyone else who's read the asset backed alert. It gets distributed at my work. Business is dying. Theres no doubt asset managers are scared, warehouse lines are all frozen.