Month December 2007

Norma hairballs

A CDO called Norma left ‘hairball of risk’; Tailored by Merrill Lynch The WSJ details how a CDO called Norma that sold $1.5 billion in securities to investors in March is now worth a fraction of that – assuming buyers…

Benazir Bhutto assassinated

Some thoughtful, if apocalyptic, views on the assassination from blogs Moon of Alabama Who did it? Many people will point to Musharraf, as being behind the assassination, but according to the BBC, someone shot Bhutto and then blew himself up.…

Los Angeles foreclosures

From ForeclosureListings, just a few of the foreclosures in zip code 91406, where we used to live. When we moved in Jan 2007, there were few, if any, foreclosures. Now there are 466 when you include preforeclosures. The area is…