Milken sees more mortgage than high-yield defaults

Story date: 2007-11-14 02:16:00
Added on: 2007-11-14 23:52:29

Reuters - LONDON, Nov 14 (Reuters) - Financier and philanthropist Michael Milken, regarded as the father of the high-yield bond market, warned on Wednesday that defaults would be higher on highly rated pools of mortgages than on highly indebted companies. But ...


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