Chase in hot water for CDO’s
Chase is among as many as 10 large banks being investigated for misleading investors the sale of collateralize debt obligations (CDO’s) where.
If you don’t understand the previous sentence, WHERE HAVE YOU BEEN THE LAST TWO YEARS?
CDO’s are group of mortgages that were chopped up into different classes so that they could garner higher ratings from Moody’s, Fitch, and Standard and Poors to be sold to investors as high-grade investments.
Bad bad Chase, Legal & regulatory | admin May 17, 2010
