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Daily Archives: July 8th, 2009

Here we go again, even before we’ve cleaned up the first mess

From Bloomberg (via Josh Marshall): Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with AAA ratings in the first transaction of its kind, said two people familiar with the sale. … Two years after the credit markets began to seize up, costing the world’s biggest financial […]