(Reuters) - So far the risks seem contained, but the fallout may be
felt everywhere from leveraged buyouts, investment bank
earnings and sales of collateralized debt obligations. Those
securities have pushed sales of corporate and housing-related
debt to record highs in the past year.
Merrill Lynch & Co. on Wednesday sold only $100
million of $850 million of highly rated collateral assets it
auctioned after seizing them back from the Bear Stearns funds,
said a person familiar with the auction. Three other banks --
Goldman Sachs Group Inc. , JPMorgan Chase & Co.
and Bank of America Corp. -- have closed out their
positions with the funds. For details, click on
[ID:nN20245025].
Read more at Reuters.com Bonds News
felt everywhere from leveraged buyouts, investment bank
earnings and sales of collateralized debt obligations. Those
securities have pushed sales of corporate and housing-related
debt to record highs in the past year.
Merrill Lynch & Co. on Wednesday sold only $100
million of $850 million of highly rated collateral assets it
auctioned after seizing them back from the Bear Stearns funds,
said a person familiar with the auction. Three other banks --
Goldman Sachs Group Inc. , JPMorgan Chase & Co.
and Bank of America Corp. -- have closed out their
positions with the funds. For details, click on
[ID:nN20245025].
Read more at Reuters.com Bonds News
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