8/10/2007

As the subprime-mortgage market continues to implode, investors are struggling to figure out which companies, banks or hedge funds are holding what could potentially be hundreds of billions of dollars of bad debt. According to SIFMA, about $773 billion in mortgage-related securities was issued by Wall Street firms in 2006, more than triple the amount issued in 2001.

Full Story:
NYTimes.com

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