by Tanta on 8/06/2007 01:04:00 PM

Our friends at the NYT have gotten straight on the difference between a CDO and an MBS. I am very happy. One of these days, the single-class pass-through will come back into fashion and we'll discover that not all MBS are tranched, but that's small beer. We now have a firm basis on which to build insights.

Anyway, here's a better picture than you get in any of my crappy posts.