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Next Phase of the Credit Crisis to Hit Credit Default Swaps $62 Trillion Market

Fri Jun 13 , 2008 While attention has been focused on the relatively tiny US „sub-prime“ home mortgage default crisis as the center of the current financial and credit crisis impacting the Anglo-Saxon banking world, a far larger problem is now coming into focus. Sub-prime or high-risk Collateralized Mortgage Obligations, CMOs as they are […]