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Other web-pages of interest...
  1. The Downside of CDS Demonization (Portfolio.com via Yahoo! Finance)
    biz.yahoo.com
    Add Kevin Drum to those who think that a bit of CDS demonization is not such a bad thing at all. Unfortunately, he's a bit shaky on the facts: It's a little hard to get a handle on an exact figure, but within the U.S. banking system total losses on subprime mortgages themselves probably total around half a trillion dollars.
  2. Postal Service investigates Countrywide VIP mortgage deal for postmaster general (Minneapolis-St. Paul Star Tribune)
    www.startribune.com
    WASHINGTON - The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., the chairman of the service's governing board said.
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