Relevant:
- Fools and Their Money: Value-Destroying CDO Managers Raising Distressed Mortgage Funds
- Biggest German State-Owned Lender Just Sued Goldman Sachs Over Davis Square CDO
- Bloomberg Takes a First Step at Piercing the Veil of Secrecy Surrounding CDOs
- Fitch Places $97B of SF CDOs on Watch Negative on Worsening Mortgage Performance
- Overlapping Subprime Exposure Mask Risks of CDOs, Moody's Says
2010-03-31 — bloomberg.com
"“The incentive was perverse,†said Michael Lea, a finance professor at San Diego State University and former chief economist at mortgage giant Freddie Mac. “The fee structure encouraged TCW to put lower-rated bonds into CDOs over time.â€"
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