Day August 11, 2007

The Hedge Fund Impode-O-Meter

Right here. So far, 11 hedge funds have cratered. Check back often, there will be more. Brought to you by the fine folks who created the Mortgage Lender Implode-o-Meter (116 so far, and grizzled old timers like myself can remember…

Subprime house of cards

The Fed was wrong, says Bloomberg, and so was everyone else who said the subprime crisis was contained. The subprime mortgage industry’s problems were contained, they all said. It turns out that the turmoil was contagious. Washington Mutual, a major…