(Bloomberg) -- Holders of some investment-grade
portions of collateralized debt obligations backed by subprime
mortgages will lose all of their money, according to Bill Gross,
manager of the world's biggest bond fund.
Bankers and money managers bundle securities into CDOs and
divide them into slices with credit ratings as high as AAA from
Standard & Poor's and Aaa by Moody's Investors Service.
Read more at Bloomberg Bonds News
portions of collateralized debt obligations backed by subprime
mortgages will lose all of their money, according to Bill Gross,
manager of the world's biggest bond fund.
Bankers and money managers bundle securities into CDOs and
divide them into slices with credit ratings as high as AAA from
Standard & Poor's and Aaa by Moody's Investors Service.
Read more at Bloomberg Bonds News
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