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Add as much as 7-to-1 of leverage and multiply C-BASS 2006 style RMBS by the thousands and you can see why subprime paper is a diamond in the rough.
FORBES: Sublime Subprime
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Tom Robbins is the writer, director, and star of this mock documentary that chronicles, C-SPAN style, the senatorial campaign of a young radical-right demagogue.
NEWYORKER: Bob Roberts
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For many banks this could be as bad as Plan C (an Argentine-style simultaneous default and devaluation), because losses on bond holdings might imperil their own solvency and further cut them off from market funding.
ECONOMIST: European banks