Morgan Stanley to Turn Junk Loan CDOs Into AAA Treasure
July 9, 2009
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[...] Morgan Stanley to Turn Junk Loan CDOs Into AAA Treasure – Chattahbox.com(ChattahBox)—According to a Bloomberg report, Morgan Stanley has a plan in the works to magically transform collateralized debt obligations or CDOs backed by loans, downgraded to near rock bottom ratings of Baa2 and bundle them into new instruments [...]
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