HSBC Is Sued Over Valuation Of Fund's Bonds

Story date: 2007-10-19 05:06:00
Added on: 2007-10-19 17:45:57

Wall Street Journal - Real-estate investment trusts such as Luminent have suffered as defaults on riskier mortgage loans have shot up and the value of bonds backed by those loans has plummeted. Luminent's stock price has fallen more than 70% over the past three months. ...


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