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Catchword for “toxic waste”
Catchword: toxic waste
Filed Under: , ,
Part of Speech: n.
Quotation: Basis Capital had assets worth $1 billion as recently as May, before reporting that its Aust-Rim Fund and Yield Fund lost 9 percent and 14 percent, respectively, in June. The funds ran into trouble by investing in the unrated, riskiest portions of collateralized debt obligations. These portions, often referred to as “toxic waste” by bankers, are first in line for any losses when borrowers miss mortgage payments.
Article or Document Title:
“Bear Stearns seems to weather hedge fund debacle well” (URL)
Author:
Laura Cochrane
Article, Document, Publication, Web Site:
International Herald Tribune
Publishing Location:
Paris, France
Dateline:
Melbourne, Australia
Date of Publication:
July 24, 2007
This catchword has yet to be researched.
Posted 25 Jul 07 | Permalink | Tell a Friend

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