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: Securities Law Prof Blog

Merrill Lynch Buys Back CDOs Sold to Springfield

By Securites Lawprof

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Merrill Lynch repurchased CDOs that it sold to Springfield, Massachusetts last spring at the original sale price of $13.9 million. The CDOs are currently worth about $1.2 million. Merrill Lynch said its investigation showed that the city did not authorize...

Full post as published by Securities Law Prof Blog on February 01, 2008 (boomark / email).

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