Debt Rattle, February 7 2008

Update 3.30 pmIlargi: Just thought I'd share this little thingy, since it got me thinking. Off the top of my head: The Koreans lose 83% on their CDO's, a Chinese state bank recently wrote down 70%, Bank of America announced 60% write-downs, while Citigroup, as far as I've seen, until today wrote down a mere 30%. There is something about this picture that scares me. A lot.Korea struck by subprime