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Exposure of UK banks to CMBS

If there is one flavour of toxic structured financial paper that did for Lehman, it is probably commercial mortgage backed securities.

So this little table from Bruce Packard, bank watcher at Pali International, might be useful.

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And Bob Diamond wanted to take over Lehman? No wonder Barclays was concerned about the “bad bank” bit.

Related links
Lehman’s CMBS trouble - FT Alphaville