Yet another fund client sues investment firm Morgan Stanley over $1.2 billion losses due to high-risk CDO derivative products.
Yet another fund client sues investment firm Morgan Stanley over $1.2 billion losses due to high-risk CDO derivative products.
Interesting segment by 60 Minutes’ Steve Kroft, in which he walks viewers through the fundamentals of these financial WMDs called Credit Default Swaps which were the derivative products underlying the near collapse of the global financial markets.