great post! helpful information I look forward to your next post!! All the best.

That's the global economy.  Even the Brits are heavily-invested in our mortgage-backed securities.

Nice post. 

There was a dutch bank that had a similar problem.  The biggest problem of the sub-prime fallout in that foreign countries are huge investors in amercian debt, be it Treasuries, CMO's, etc.  I think many of these countries feel de-frauded by Wall Street passing off subprime debt as AAA rated debts.