Relevant:
- Quelle Surprise! Fed Lent Over $110 Billion Against Junk Collateral During Crisis
- Credit crunch will 'shred investment portfolios to ribbons'
- Fitch Cuts Ratings on DBS, Lehman CDOs as Risk Rises
- This credit crisis is like the plague and nobody is safe yet
- The rating game: CDOs crash, banks may reveal more writedowns
2007-11-21 — ft.com
"The credit spread plague is spilling over to junk bonds – so the collateral damage from the mortgage crisis that has blighted private equity since the summer may not ease much soon."
Also in the past day Fitch cut another $30bln or so of CDOs.
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