Another $Trillion Lesson
Wednesday, October 22nd, 2008According to Bloomberg, projected losses in the corporate CDO market may approach $1T. CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send [...]