Gwen Robinson at FT Alphaville does a nice job of spelling out the thinking ofChristopher Wood author of the superb GREED and FEAR report on the subprime mess . I used to get the Greed and Fear report second hand and it was consistently outstanding. I would love to get it still but I am not an institution and I am not eligible.
FT Alphaville has a series on his work. Read them and you will be better informed.
If any of you have access to Wood's writings please feel free to forward them to me.