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« The pachyderm in the corner | Main | News of the world »

Feb 17, 2008

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Robert Grenier

So why is the role of bond insurers not mentioned in the article?

Ed Cone

More on that here.

Fec

16% of the 45 trillion CDSs are in CDOs. That's 7.2 trillion. But Bill Gross at PIMCO says that historical losses approach 1.25%, thus his projection of 250 billion. When issued a month ago, 250B seemed a bit much. It may, in fact, have been terribly conservative.

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