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« There oughtta be a law and there better be a crime | Main | Mr Paulson has seized the means of production »

Only mostly dead

Peter Madigan wrote on Risk News yesterday about the increasing uncertainty over non-subprime underlyings:

While defaults and delinquencies on subprime mortgages appear to have peaked, losses on prime mortgages and other prime collateral referenced by asset-backed securities (ABS), such as auto loans and credit cards, are expected to keep rising...

Another piece of data to back things up: record mortgage delinquencies in the US. (Via CR)

Posted by Alexander Campbell on September 5, 2008 3:53 PM |

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