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Homw many CDO's are in mom and pop retirement funds?
Some of those CDO' s were rated AAA and are now junk.
Apparently some banks were trying to unload CDO's to retirement funds.
http://www.bloomberg.com/apps/news?p...d=aW5vEJn3LpVw
Retirement funds obviously cannot hold junk rated products, so what are they doing now, selling out?
Some bank having to write of a few billion is a mere statistic but when mom and pops retirement fund has to write of serious amounts of money the reactions will be quite different.
Some of those CDO' s were rated AAA and are now junk.
Apparently some banks were trying to unload CDO's to retirement funds.
http://www.bloomberg.com/apps/news?p...d=aW5vEJn3LpVw
Retirement funds obviously cannot hold junk rated products, so what are they doing now, selling out?
Some bank having to write of a few billion is a mere statistic but when mom and pops retirement fund has to write of serious amounts of money the reactions will be quite different.