Friday, October 7, 2011

It's the Frenchies' fault

Barron's blames the French banks for the drop off in CMBS AAA prices. Using Barron's number of $9.4billion in CMBS holdings by French banks, though, it only represents about 1.3% of the total market.

However, despite their 3rd grade level attempt to blame the French, and as the proud parent of a 3rd grader, I am fully comfortable using this opportunity to share this 3rd grader's report that I found online.

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