The Asset Securitiization Crisis Series of 2007

Contributed Reading:

1. Debt - Thoughts On A Global Problem (Part 1),
2. Banking out of Control (Part 2)

Recommended Reading - The Asset Securitization Crisis:

1. Intro: The great housing bull run - creation of asset bubble, Declining lending standards, lax underwriting activities increased the bubble - A comparison with the same during the S&L crisis
2. Securitization - dissimilarity between the S&L and the Subprime Mortgage crises, The bursting of housing bubble - declining home prices and rising foreclosure
3. Counterparty risk analyses - counter-party failure will open up another Pandora's box (must read for anyone who is not a CDS specialist)
4. The consumer finance sector risk is woefully unrecognized, and the US Federal reserve to the rescue
5. Municipal bond market and the securitization crisis - part I
6. Municipal bond market and the securitization crisis - part 2 (should be read by whoever is not a muni expert - this newsbyte may be worth reading as well)
7. An overview of my personal Regional Bank short prospects Part I: PNC Bank - risky loans skating on razor thin capital, PNC addendum Posts One and Two
8. Reggie Middleton says don't believe Paulson: S&L crisis 2.0, bank failure redux
9. More on the banking backdrop, we've never had so many loans!
10. As I see it, these 32 banks and thrifts are in deep doo-doo!
11. A little more on HELOCs, 2nd lien loans and rose colored glasses
12. Will Countywide cause the next shoe to drop?
13. Capital, Leverage and Loss in the Banking System
14. Doo-Doo bank drill down, part 1 - Wells Fargo
15. Doo-Doo Bank 32 drill down: Part 2 - Popular
16. Doo-Doo Bank 32 drill down: Part 3 - SunTrust Bank
17. The Anatomy of a Sick Bank!
18. Doo Doo Bank 32 Drill Down 1.5: Wells Fargo Bank
19. GE: The Uber Bank???
20. Sun Trust Forensic Analysis
21. Goldman Sachs Snapshot: Risk vs. Reward vs. Reputations on the Street
22. Goldman Sachs Forensic Analysis
23. American Express: When the best of the best start with the shenanigans, what does that mean for the rest..
24. Part one of three of my opinion of HSBC and the macro factors affecting it
25. The Big Bank Bust
26. Continued Deterioration in Global Lending, Government Intervention in Free Markets
27. The Butterfly is released!
28. Global Recession - an economic reality
29. The Banking Backdrop for 2009
30. Green Shoots are Being Fertilized by Brown Turds in the Mortgage Markets