more good news: 40% of CDO'S are Mortgage BACKED Securities. Of that 40%. 75% are sub prime. so in real terms most CDO'S are packaged one third sub prime. i think that is more than people realise in owning these packages. http://www.marketwatch.com/News/Sto...-3A9E-4A21-9591-E772D59E5CF3}&dist=RNPullDown