Jacob Kaplan-Moss
Activity tagged “via:metafilter”
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[PDF] ABS and CDOs: Record Performance Continues
A JP Morgan prospectus from December 2004 covering CDOs. This actually explains pretty well why these investments were so hot: BBB-class CDOs were paying out at 3% above LIBOR (about 8% total). That's an amazing return on something rated so well. I'd have bought, too.
w/ extra duck. - a set on Flickr
There are days when the Internet is so full of awesomeness I can barely stand it. This is one of those days.