Why Citi Struggles to Tally Losses
Story date: 2007-11-05 09:26:00
Added on: 2007-11-05 13:38:27
Wall Street Journal - When the market for mortgage securities entered a meltdown over the summer, financial firms holding billions of dollars of hard-to-trade assets used mathematical pricing models that were heavily dependent on credit ratings. When the credit-rating ...
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