Jonathan Altman

• The End of Wall Street's Boom - National Business News - Print - Portfolio.com

  • "By the spring of 2005, FrontPoint was fairly convinced that something was very screwed up not merely in a handful of companies but in the financial underpinnings of the entire U.S. mortgage market. In 2000, there had been $130 billion in subprime mortgage lending, with $55 billion of that repackaged as mortgage bonds. But in 2005, there was $625 billion in subprime mortgage loans, $507 billion of which found its way into mortgage bonds."
  • Posted: Fri Nov 14 14:39:03 UTC 2008

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