Re: Shrinking Deficit vs. Sub-prime / CDO writedowns

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Posted by Ed Rombach (198.80.153.5) on 08:23:58 11/21/07

In Reply to: Re: Shrinking Deficit vs. Sub-prime / CDO writedowns posted by warren mosler

: : Warren - Is it just a coincidence that the $250bn drop in the budget deficit roughly matches the lower end of the range for estimated writedowns of sub-prime / CDO assets in the pipeline?
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: I think so- interesting thought!
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: :
: : Ed Rombach
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So, on top of the $250bn there exists leverage of say 5 or 10 to 1, which implies aggregate losses into the neigborhood of $1-2.5 trillion.

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Re: Shrinking Deficit vs. Sub-prime / CDO writedowns - warren mosler 09:27:50 11/21/07 (0)

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Subject:	Re: Shrinking Deficit vs. Sub-prime / CDO writedowns
Comments:	: : : Warren - Is it just a coincidence that the $250bn drop in the budget deficit roughly matches the lower end of the range for estimated writedowns of sub-prime / CDO assets in the pipeline? : : : : I think so- interesting thought! : : : : : : : : Ed Rombach : : : : So, on top of the $250bn there exists leverage of say 5 or 10 to 1, which implies aggregate losses into the neigborhood of $1-2.5 trillion.
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