Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Oops!

From Deus Ex Macchiato:

In their latest research report, Wells Fargo (formerly Wachovia) analysts calculate that 360 CDO of ABS have now triggered an event of default – up from 343 last month. At $351.6 billion, the notional value of these deals accounts for just over half of all CDOs of ABS.

How could so many be so wrong?