Merrill Lynch Sat Atop the Subprime MBS Market Before the Liquidity Crunch Shut Down New Issues
September 28, 2007
The subprime MBS market fell to a three-year low during the second quarter of 2007 before spooking global financial markets and effectively evaporating. A total of $81.86 billion of subprime MBS were issued during the second quarter of... [Includes two charts]