Relevant:
- Peter Schiff: Market-Crushing Treasury Collapse To Hit Around 2013
- THE FINANCIAL SYSTEM IS PRIMED FOR A CRISIS WORSE THAN 2008
- Hedge Funds Pile into MBS, Go For Mortgage Gains
- Which CDOs and Banks Had Deals With the Most Cross-ownership?
- World record debt of $199trn could drag economies into another crisis: McKinsey
2008-03-11 — itulip.com
'...$6 trillion in excessive leverage built up over the past ten years that has to be unwound. So the credit crisis that started June 2007 with obscure financially engineered debt products such as CDOs has not evolved to include bonds presumably backed by the US government. Guess what’s next after Agency debt? '
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