Tranche Warfare

Who will be left holding the bag as subprime mortgages go bad?

By Dave Mulcahey

Now that the real estate bubble seems poised to go the way of its dot-com predecessor, a new narrative has taken hold in the business press. Where once reporters breathlessly touted double-digit, year-on-year gains in home prices, they now warn darkly of the "meltdown" underway [RETURN TO ARTICLE]