My #1 Top Pick answer to Lubow's Question:
"The shortfall between income and debt service requirements is leading
to the rapid abandonment of leveraged assets, including homes,
automobiles, LBOs and all manner of structured finance schemes. As
assets are cast away their prices drop, leading to generalized
markdowns."
- more -
http://suddendebt.blogspot.com/2008/03/variations-on-theme.html
(of course, I'm just a doom-and gloomer poli-tic, so Freddi, you
needn't bother reading any further."
..
..d
