The CDO, MBS, SIV write-downs have taken their toll on the investment banking sector over the last year. As a proud Canadian, I am please to see our banks are fairing very well during the subprime storm. If I wasn’t so sure that the US government would rescue Citigroup, I would short it right down to its true value (zero).
[…] month that the CDO craze has been the "greatest bait-and-switch of all time."www.forbes.comRanked One Year Investment Bank PerformanceThe CDO, MBS, SIV write-downs have taken their toll on the investment banking sector over the last […]
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[…] Ranked One Year Investment Bank Performance The CDO, MBS, SIV write-downs have taken their toll on the investment banking sector over the last year. As a proud Canadian, I am please to see our banks are fairing very well during the subprime storm. If I wasn’t so sure that the US government would rescue Citigroup, I would short it right down to its true value (zero). Bookmark It Hide Sites […]
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