What is the current total outstanding face value of CDO's.?

Question

What is the current total outstanding face value of CDO's.?

Answer 1

This does not appear to be a number that is readily available.  Maybe no one wants us to know how much is actually outstanding.  I did find one reference from 2005 that stated 1.5 trillion.   Wall Street was making a lot of money packaging CDOs so we can be assured that there are plenty out there.  Judging also from the multi-billions being written down by banks that is another sign that there must be plenty out there.  And then of course there is the foreclosures that also adds support to that view.  Let me take a shot in the dark and state maybe 2 trillion.  

http://www.celent.com/PressReleases/2005...