Bloomberg, August 21, 2008
Subprime Mortgage Bonds Lead `Extinct' Credits, Moody's Says Subprime mortgage-backed bonds lead credit products rendered "extinct'' by the collapse of the U.S. housing market, according to Moody's Investors Service. Collateralized debt obligations packaging loans and structured investment vehicles will also disappear as investors refuse to buy debt linked to U.S. housing market losses. Link
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