A Bit on Subprime

  1. Well, what do you know?  There are winners in the subprime mess.  Much as I wondered whether Deutsche Bank would have problems, they managed to hedge their risks and then some.  Way to go.
  2. Alas, more victims of the subprime bust.  It seems that with European institutions, we don’t have much idea of who was taking undue risks. Any exposure is a surprise.