Public Funds
Merrill Lynch may need to Make Some Investors Whole on CDOs
Read the full article: http://www.bloomberg.com/apps/news?pid=20670001&refer=home&s...
Really interesting article about the city of Springfield, Massachusetts trying to be the first government investment vehicle to try to recoup gains from the sponsors of CDOs that have declined dramatically in value. The state's secretary of state has subpoenaed Merrill Lynch.
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