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  1. alan_IHB

    MILLION dollar loss in Riverside

    Just came across this... Purchased 5/12/06 for $1,830,000.00 went back to the bank 6/3/08 for $1,493,260.00 Now REO listed at $875,000.00 <a...
  2. alan_IHB

    Interesting chart showing current rating on CDO tranches rated AAA from 2005-07

    <img src="http://alphaville.ftdata.co.uk/lib/inc/getfile/1537.jpg" alt="" /> Distribution of ratings on AAA CDO tranches circa 2005-07 Found this interesting chart. Less than 1 in 4 tranches still rated AAA and some now down to D.
  3. alan_IHB

    Must read article on credit default swaps on seeking alpha

    Just came across this article explaining credit default swaps (CDS). CDS enabled Wall street banks to sell CDO's and pass the risk on to another party, thus explaining why wall street wanted to sell as many sub prime mortgages as possible because they were able to make money and pass on the...
  4. alan_IHB

    The Next Bubble to burst - CA municipal employe salaries

    As this is a bubble blog, I thought I would start a discussion on the next bubble to burst, that being CA municipal employee pay scales. As readers here know, the first bubble was the tech bubble, the bursting of which lead Greenspan to lower interest rates which lead to the start of the real...
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