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Daily Archives: June 5, 2007
80 US Mortgage Lenders have now gone bankrupt in 2007
Today Lender Implode.com reports that 80 US mortgage lenders have now gone bankrupt since late 2006. Remember the clause in many Wall Street packaged CDO's that said mortgage companies had to buy back mortgage loans should a certain percentage of … Continue reading
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Denmark Regulators respond to buy-out madness
Bloomberg today reports Denmark Imposes Curbs on Leveraged Buy-outs (June 5). Danish regulators passed a law to limit the excessive use of debt in leveraged buy-outs and cutting tax breaks exploited by takeover specialists. The former prime minister of Denmark, … Continue reading
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