This paper conducts an in-depth analysis of structured finance asset-backed securities collateralized debt obligations … ABS/MBS securities and SF ABS CDOs. They estimate that 727 publicly traded SF ABS CDOs were issued between 1999 and 2007 … document the enormous cross-referencing of subprime securities into CDOs. They calculate that $201 billion of the underlying …

bank-ineligible securities activities – and BHCs without such subsidiaries. Using market returns over a period of time in … which BHCs expanded into securities activities, from 1985 through 1999, this study finds evidence that BHCs that … in the securities business resulted in diversification gains. However, BHCs with Section 20 subsidiaries exhibited higher …