01WhiteCobra
09-15-2008, 11:51 PM
It vanishes.
I heard today that some of the CDO (credit derivatives) that Merrill sold in the past couple of days went for a nickel on the dollar and even some of that sale had to be backed by Merrill.
Debt collectors get a better deal when they buy write-offs.
Very sad.
I heard today that some of the CDO (credit derivatives) that Merrill sold in the past couple of days went for a nickel on the dollar and even some of that sale had to be backed by Merrill.
Debt collectors get a better deal when they buy write-offs.
Very sad.