CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic (Update1) (Bloomberg)
Story date: 2008-10-22 08:37:54
Added on: 2008-10-22 09:03:58
Oct. 22 (Bloomberg) -- 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.
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