Basically, by 2006, CDO originations were ~$250B. It took about 4 years for originations to get that large, and by 2008, there was probably less than ~$600B total.
GDP was ~$14.7T.
If history repeats itself, this is the beginning of the end. Not the end. But anything can happen. Who knows?
http://fcic.law.stanford.edu/resource/staff-data-projects/cd...
Basically, by 2006, CDO originations were ~$250B. It took about 4 years for originations to get that large, and by 2008, there was probably less than ~$600B total.
GDP was ~$14.7T.
If history repeats itself, this is the beginning of the end. Not the end. But anything can happen. Who knows?