(Reuters) - The sale of the CDOs late on Wednesday was one of several
planned by Wall Street banks trying to extricate themselves
from the funds managed by Bear Stearns' asset management unit.
The Bear Stearns funds have lost billions of dollars from bad
bets on securities backed by subprime mortgages, which in
recent years have become the main ingredient in many CDOs.
Merrill Lynch spokesmen were not immediately available for
comment.
Read more at Reuters.com Bonds News
planned by Wall Street banks trying to extricate themselves
from the funds managed by Bear Stearns' asset management unit.
The Bear Stearns funds have lost billions of dollars from bad
bets on securities backed by subprime mortgages, which in
recent years have become the main ingredient in many CDOs.
Merrill Lynch spokesmen were not immediately available for
comment.
Read more at Reuters.com Bonds News
1 comment:
It's so nice for me to have found this blog of yours, it's so interesting. I sure hope and wish that you take courage enough to pay me a visit in my PALAVROSSAVRVS REX!, and plus get some surprise. My blog is also so cool!
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