Goldman Sachs’ analyst William Tanona reminded investors on Thursday about the lingering effects of subprime and the very real potential for future write downs from large US banks.  The list included Citigroup (NYSE: C), JP Morgan (NYSE: JPM), and Merrill Lynch (NYSE: MER).  Tanona singled out Citigroup and noted that they will probably be cutting [...]

This is one of the best representations of the subprime problems in the US, a good chunk of it is in graphics.

Bloomberg is running an article today about 3 mortgage securities traders that helps foster the largest financial threat of this century. Greg Lippman (Deutsche Bank), Rajiv Kamilla (Goldman Sachs), and Todd Kushman (Bear Sterns et al) sat down one night and hatched up a scheme to standard securities contracts.  ” The new standardized contracts they [...]