Friday, March 13, 2009

KKR Losses Show Failure to Close Gap Raising Defaults

"Investment funds that purchased a majority of the lowest-rated loans during the credit boom have stopped buying, threatening to undermine President Obama’s plan to pull the economy out of the worst recession since 1982. "

http://www.bloomberg.com/apps/news?pid=20601109&sid=acROzmta6c.c&refer=home

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