Leveraged Loans: Fortune's CLO Criticism - The Numbers Tell A Different Story |
| April 11, 2014 | April 2014 Bond Updates |
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In a story yesterday, Fortune CNN Money takes the Federal Reserve to task for extending the deadline for banks to sell non-Volcker compliant CLO paper. The story itself is a polemic about the dangers that CLOs pose to the banking system. To back up this argument, the commentator, Cyrus Sanati, compares the potential losses of CLOs to those suffered by CDOs, which “imploded so spectacularly during the 2008 meltdown.” |
| View more at: http://www.forbes.com/sites/spleverage/2014/04/11/leveraged-loans-fortunes-clo-criticism-the-numbers-tell-a-different-story/ |
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