Banks buy crumbling CDOs to stem losses

Story date: 2008-01-17 09:25:00
Added on: 2008-01-17 21:00:24

Reuters - Banks overall have announced about $90 billion in write-downs and losses due to defaults on U.S. home mortgage payments. More writedowns are expected, but banks' purchases of CDO assets also suggest they continue to see value in the downtrodden ...


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