I am restarting my blog!
“The CDO Book, which is illiquid and not tradeable, and therefore not really possible to value, is apparently performing. This means that the debt obligations which were sliced up to create the debt instruments are still paying out. In other words, while you can’t trade ‘em, at its most basic, people are paying the debts that make them up. If the instruments pay out and perform, it will be one hell of a coup for JP Morgan Chase.”
OK, how does it look?
