Hints and tips:
...Brown Rudnick is advising PSW NYC LLC, the entity created by Pershing and Winthrop, another source added....
...Because a different resolution strategy of postponing and extending those terms and a funding source doesn’t exist....
...The Federal Reserve Bank of New York providing most of that funding: …the New York Fed will lend up to $30 billion to a newly formed LLC to fund the LLC’s purchase of multi-sector collateralized debt obligations...
...- And collapsing CDO issuance. FT Alphaville will be back on Tuesday, following the Bank Holiday weekend. —...
...Still, Citi’s remaining big exposure is $70bn worth of funding vehicles which, even without detail on underlying assets, is a less scary prospect than yet more CDOs....
...Edward Meir at MF Global said commodities were rallying on a perception that they will outperform other investments such as non-government debt, CDOs, and mortgage paper, “which, in varying degrees, are...
...CDOs are pools of debts that are sliced into tranches of different risk....
...Or, as one senior banker says: “Anyone sitting on CDO equity had a great trade this year.” But clever deals have also cropped up in some seemingly dull backwaters....
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