CDO Battles: Royal Pain Over Who Gets What ($)

By Aaron Lucchetti
THE WALL STREET JOURNAL December 17, 2007; Page C1

EXCERPT

A recent filing in New York state court provides a window into the legal battles likely to ensue from battered investments. Big players, including Deutsche Bank AG, bond insurer MBIA Inc., Wachovia Corp. and UBS AG are tangled together over a mortgage investment vehicle named Sagittarius.

"If you liquidate a lot of assets at once, you don't always get the best price," says Janet Tavakoli, president of consulting firm Tavakoli Structured Finance.

END OF EXCERPT

Article is available via the above link to subscribers of The Wall Street Journal.


Clients of Tavakoli Structured Finance also have access to proprietary TSF research, which is not published in any other paid or public forum.

Please click here for other articles.