TITLE

U.S.' $400B in losses goes around the world

AUTHOR(S)
Francis, David R.
PUB. DATE
March 2008
SOURCE
Inside Tucson Business;3/17/2008, Vol. 17 Issue 41, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article investigates the responsible for the losses in subprime investments that could reach $400 billion and goes around the world's financial system called toxic waste. It is stated that this financial trouble seriously affects most people around the world including credit markets, banks and other financial firms. Moreover, many of the owners of collateralized mortgage obligation (CMO) and other toxic waste are filing a suit for the issuers of those debt instruments.
ACCESSION #
31404824

 

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