Friday, July 6, 2007

GS 1Q mortgage exposure



-Warehouse finance shows the GS's exposure to structured credit business has reduced

-The company also reduced securization of these residual mortgage securities, but still keep up securization of CDO and CLO.

-Retained interest for CDO/CLO is consistent. But the company tends to hold a reltive higher portion of MBS, possible due to illiquidity of these risky assets.

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