Hints and tips:
...Brown Rudnick is advising PSW NYC LLC, the entity created by Pershing and Winthrop, another source added....
...Mezz CDO paper was the stuff being downgraded by the rating agencies. Mezz CDO paper was – and is – the truly risky stuff, with high subprime exposure....
...DK has priced in another SFr7bn of writedowns in 2008, sufficient to bring the remaining CDOs of mezz ABS down to zero....
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