Bonds
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Mortage REIT Insider: Alescoe’s CDO Woe
May 16, 2008Perhaps the biggest story of the week was CDO woes anew at Alesco Financial [stock AFN][/stock]. This week’s blowup came courtesy of ailing Alt-A lender IndyMac Bancorp [stock IMB][/stock], which announced (in addition to a worse-than-expected quarterly loss) that it would defer the interest payment on its trust preferred securities. Alesco holds a portion of the equity interests in eight CDOs that include trust preferred securities issued by IndyMac.
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Losses on Subprime Seconds Mount, Pressure Bond Insurers
May 15, 2008 -
Who’s bailing out whom?
May 14, 2008 -
If it weren’t for bad timing, he’d have no timing at all
May 09, 2008 -
Assured Guaranty Adds Former PMI ABS Chief
May 01, 2008 -
ING Capital Markets Head Jumps to Risk Mitigation Provider Digital Risk
Apr 30, 2008 -
Ambac: $2.8 Billion in Write-downs, Loss Provisioning
Apr 23, 2008