• Imputed Losses Becoming Real in the Current Wave of ABS CDO Events of Default
  • March 13, 2008
  • Law Firm: Stroock & Stroock & Lavan LLP - New York Office
  • An article in the January 18, 2008 issue of Asset-Backed ALERT ("Default Events" Piling Up Among Strained CDOs), which focused on statistical information relating to defaults, accelerations and liquidations of structured products CDOs, noted at its close that "None of the affected CDOs, which now have $66 billion of paper outstanding, missed payments before the trustees took action."