Round Two? $1.2 Trillion Corporate-Debt CDO Wipeout
Oct 22nd, 2008 | By Contrarian Profits | Category: Featured“Investors are taking losses of up to 90% in the $1.2 trillion market for collateralized debt obligations (CDOs) tied to corporate credit,” reports Bloomberg. Much of the losses have been triggered by the failure of Lehman Brothers and Icelandic bank.