The Real Deal New York

From the September issue: Wall Street may seem like a war zone these days as banks collapse,
firms bleed jobs and the federal government stands ready to call in the
cavalry. It’s unclear who will weather the storm at the end of the day,
but it is increasingly clear that the credit crisis has claimed one
casualty: residential mortgage-backed securities. The RMBS market — sometimes blamed for starting the whole mess in the first place — appears to be, at least, badly wounded.