risks of the cdos . see article economy.com
http://www.economy.com/into-the-woods.asp?src=economy_hp
also fuw :
Sollte ein weiterer Hedge Fund in die Bedrouille geraten und einen Totalverlust erleiden, könnte dies zu einem Schock führen. Zandi sieht dabei vor allem die Liquidität als Gefahr.
the question is how will economy behave with a housing slump while the world economz is in a great shape. the world economz and not credit derivatives come to the rescue of the US ? but where does the ultimate risk ly in the credit derivative equation and who will bear the losses in this game without triggering the usual collateral damage , a domino effect ?