Cooking (CDOs) with SocGen
Take one seasoned collateralised debt obligationCrack it open.Sell the underlying constituents. Garnish with yield.So “Cooking with SocGen” is probably not coming...
Court Tosses Argument Against UBS in 2008 CDO Suit
A New York appeals court tossed out on Tuesday a key argument in an early lawsuit filed in the implosion that was credit-default swaps tied to the U.S. mortgage industry.
A fistful of legacy dollars, at SocGen
More huge numbers on US dollar asset deleveraging in a French bank’s end-2011 results, on Thursday. Societe Generale got rid of $55bn in funding needs in the six months from June 2011:...
Zions Bancorp Exposure to Bank CDOs Is Awfully Expensive
Zions Bancorp, a Salt Lake City bank that still holds $1.4 billion in TARP funds, is getting hit premarket, down 7% to $17.25 after a disappointing fourth-quarter report.
Super senior moments at RBS
It’s the middle of 2007. Executives at RBS are joining the dots about how even super senior tranches of CDOs offer scant protection in the face of a tsunami of subprime defaults....
S&P takes away (CDO) diversification candy
Some very interesting proposed changes to Standard & Poor’s rating methodology for CDOs made of stuff like ABS, in the following request for comment, we think:Standard &...
A systematic approach to the eurozone CDO
Credit Suisse have embarked on a more technical approach to our old friend, the eurozone CDO. They’ve used the five-year CDS spreads to organise the “tranches”...
Inside S&P: Fears Over an Ill-Fated CDO Deal
A trail of internal emails illustrate Standard & Poor's wariness of an ill-fated mortgage-bond deal that is now in the SEC's cross hairs.
Bank of America Burns ‘Big Short’ Star Lippmann
Greg Lippmann, the man who made a fortune shorting mortgage securities, lately has gone long on mortgage securities, and takes a ding courtesy of Bank of America.
The CDO at the heart of the eurozone
You know, a certain FT reporter took a lot of shtick for a this article.The gist — European sovereigns were increasingly turning to the kind of pre-crisis financial engineering...
Magnetar Responds to J.P. Morgan CDO Settlement
Read hedge fund Magnetar's statement about its role in a $1.1 billion mortgage-bond investment that went south.
Timeline of the J.P. Morgan CDO Deal
A timeline of J.P. Morgan, hedge fund Magnetar and a soured $1.1 billion mortgage-bond deal that has gotten the involved parties into hot water.
