Some Things Speak for Themselves

CDOs in `Hooker Heels’ Fool Moody’s, S&P, Gross Says

From Gross’s Letter (below): “To death and taxes you can add this to your list of inevitabilities: the subprime crisis is not an isolated event and it won’t be contained by a few days of headlines in The New York Times.”

Looking for Contagion in All the Wrong Places

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