tag:blogger.com,1999:blog-2948538160252327076.post2542108160881455528..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: The real reason behind the US banking crisisAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2948538160252327076.post-29161131541666383192008-10-01T18:35:00.000+01:002008-10-01T18:35:00.000+01:00There's no time to beat around the bush. Let's flu...There's no time to beat around the bush. Let's flush out the three credit-crisis catalysts that have remained hidden for too long, thanks to Wall Street rotectionism and myopic regulation. Those catalysts - which brought us to the brink of a financial meltdown - are structured collateralized debt obligations, credit default swaps, and the horrific offspring of the two - credit default swaps on structured collateralized debt obligations.An asset-backed security (ABS) is a type of tradable debt security that's derived from a pool of underlying assets. We could be talking about a pool of mortgages, of automobile leases, or loans made to various borrowers. We're using the example of residential mortgages, though the example is exactly the same for commercial mortgages, automobile leases or bank loans. <BR/><BR/>---------<BR/><BR/>Mobin<BR/><BR/><A HREF="http://www.drivenwide.com" REL="nofollow">Link bulider</A>dashttps://www.blogger.com/profile/16542167142165723166noreply@blogger.com