Delicious LiveJournal Links for 4-28-2010

[andrewducker]

• 93% of AAA rated CDOs turn out to have been junk.
  (tags: politics banks economics finance fraud)
• Life under Labour: better or worse?
  As I've said repeatedly - a major failing of Labour is in not changing the dialogue about poverty and redistribution.
  (tags: poverty politics uk)
• The Torrent Of Legend - I have one of these!
  (tags: bittorrent funny comic)
• Leopard and cubs on webcam
  All together now, "Awwwwwww"
  (tags: webcam leopard cute)
• Why You Should Never Pay For Online Dating
  (tags: dating economics statistics love onlinedating)
• Dating by blood type in Japan
  (tags: dating blood EpicFail)
• The kind of beserk paternalism that deserves a protest
  (tags: usa feminism abortion rights)
• The Garden of Cosmic Speculation
  (tags: nature plants water architecture gardens)
• Pencil vs. Camera
  (tags: art photography)
• 30 Awesome Minimalist Superhero Posters
  (tags: superheroes art)
• David Cameron undermines his own marriage tax
  (tags: tax marriage conservatives uk politics)

Comments

[channelpenguin.livejournal.com]

You are perhaps doing a bit of a 'scary newspaper headline' on the AAA CDOs one.

"AAA-rated subprime-mortgage-backed securities issued in 2006, 93 percent — 93 percent! — have now been downgraded to junk status."

(from article, my emphasis)

bit different to what your headline says....

[andrewducker]

It was mostly the subprime stuff that they turned into CDOs wasn't it? The prime stuff didn't need to be batched up.

[channelpenguin.livejournal.com]

but (do anyone correct me if I am wrong) not ALL CDOs are subprime-mortgage-backed debt.

Though 'CDO' may not be quite as general a blanket term for packaged debt that I think it is, in which case maybe it's not such a major point, but see

http://en.wikipedia.org/wiki/Collateralized_debt_obligation

Of course, other products that are described as CDOs may well be individually dodgy in their very own special ways... but that's not what the article you linked to was specifically pointing to.