I ran across this link on Diehards. It talks about how mortgage securities are repackaged/shuffled/etc. The impending subprime mortgage collapse. The investment bankers slice the MBS into several "tranches". These are known as Collateralized Debt Obligations, or CDOs for short. Now all of the CDO's are packaged up and the link talks about how the risk of the CDO's is gonna come home to roost.
But, then again, it's pushed by gold bugs. So, lots of doom and gloom from my perspective. Part doom and gloom and part "you should be aware of the risks".
I don't trust 'em.
I'm saying the information is good, but the conclusion to go to gold is lost on me. For all I know, regional banks have little exposure to this sort of thing, but their share prices may be affected regardless of the facts.
-CC
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"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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