Old article: terrible prescient - The press has focused on mortgage-based CDOs and the huge write-offs that investment banks and commercial lending companies have had to take because of the subprime market falling apart. Morgan Stanley (MS) said, when it announced its $10 billion write-off with last quarter's earnings, that its exposure to mortgage instruments was now under $2 billion.
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Reactions to Auto Loan And Credit Card CDOs In Hiding
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